FORM
6-K
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Report
of Foreign Issuer
Pursuant
to Rule 13a-16 or 15d-16 of
the
Securities Exchange Act of 1934
For
the
month of May, 2008
Commission
File Number: 001-33356
Gafisa
S.A.
(Translation
of registrant’s name into English)
Av.
Nações Unidas No. 4777, 9th floor
São
Paulo, SP, 05477-000
Federative
Republic of Brazil
(Address
of principal executive office)
Indicate
by check mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F:
|
|
Form
20-F
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x
|
Form
40-F
|
o
|
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1):
|
|
Yes
|
o
|
No
|
x
|
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(7):
|
|
Yes
|
o
|
No
|
x
|
Indicate
by check mark whether by furnishing the information contained in this Form,
the
Registrant is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934:
|
|
Yes
|
o
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No
|
x
|
If
“Yes”
is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): N/A
Gafisa
Receives Upgrade from Fitch Ratings to 'A(bra)'
São
Paulo, May 5, 2008
- Gafisa
S.A. (Bovespa: GFSA3; NYSE: GFA), Brazil's leading diversified national
homebuilder, today announced that Fitch Ratings has upgraded the Company's
corporate debt rating to an "A(bra) from an 'A-(bra)' (A minus bra). Gafisa
is
one of only two companies within the sector rated by Fitch Ratings to receive
an
'A' or higher rating of its corporate debt.
According
to Fitch Ratings, the upgrade was partially the result of Gafisa's consistent
improvement in operating performance, its significant growth in revenues and
its
strong position as a leading homebuilder in Brazil. Additionally, Fitch cited
that it expects that in the next few years Gafisa should significantly increase
its revenues and generation of cash flow as it continues to expand
geographically and diversify the products offered and the socioeconomic segments
served.
"We
were
pleased to receive this additional vote of confidence in our capital structure
and business potential. The improvement in the rating of our corporate debt
should result in lower financial costs for Gafisa and ultimately, greater value
for all of our shareholders", said Duilio Calciolari, Chief Financial Officer
of
Gafisa.
For
additional information please contact the IR department.
About
Gafisa
We
are
one of Brazil's leading diversified national homebuilders. Over the last 50
years, we have been recognized as one of the foremost professionally-managed
homebuilders, having completed and sold more than 900 developments and
constructed over 40 million square meters of housing, which we believe is more
than any other residential development company in Brazil. We believe "Gafisa"
is
one of the best-known brands in the real estate development market, enjoying
a
reputation among potential homebuyers, brokers, lenders, landowners, and
competitors for quality, consistency, and professionalism.
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For
additional information:
Investor
Relations
Julia
Freitas Forbes
Phone:
+55 11 3025-9297
Fax:
+55
11 3025-9348
Email:
ir@gafisa.com.br
Website:
www.gafisa.com.br/ir
Media
Relations (Outside Brazil)
Eileen
Boyce
Reputation
Partners
Phone:
+011 312 222 9126
Fax:
+011
312 222 9755
E-mail:
eileen@reputationpartners.com
Media
Relations (Brazil)
Patrícia
Queiroz
Máquina
da Notícia
Phone:
+55 11 3147-7409
Fax:
+55
11 3147-7900
E-mail:
patricia.queiroz@maquina.inf.br
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