OREANDA-NEWS. Fitch Ratings has withdrawn the following ratings for Galvao Participacoes S.A. (GalPar) and its fully-owned engineering and construction subsidiary, Galvao Engenharia S.A. (GESA):

GalPar
--Foreign currency Issuer Default Ratings (IDRs) 'D';
--Local currency Issuer Default Ratings (IDRs) 'D';
--National Long-Term Rating 'D(bra)';
--BRL300 million 3rd debentures issuance due 2020 'D(bra)'.

GESA
--National Long-Term Rating 'D(bra)'.

Fitch has withdrawn the companies' ratings because they have entered into bankruptcy proceedings. Accordingly, Fitch will no longer provide ratings or analytical coverage for GalPar and GESA.