Sao Paulo, December 09, 2016 -- Moody´s América Latina Ltda. has upgraded to Ba1 from Ba2 in the global scale and to Aaa.br from Aa1.br in the national scale Suzano Papel e Celulose S.A. ("Suzano") corporate family ratings and the ratings assigned to its senior unsecured notes.The outlook changed to negative from stable.
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