SAO PAULO, Brazil, July 22 /EMWNews/ -- Tecnisa S.A.

(BOVESPA: TCSA3), one of the largest residential developers in Brazil,

operating with an integrated business model that includes development,

construction and sales operations, hereby informs the market that today

Standard & Poor's Ratings Services assigned the Company a corporate credit

rating on the Brazilian National Scale of 'brA-', with a stable outlook.



    The rating reflects the significant market share that Tecnisa holds in

the Sao Paulo metropolitan area; the high quality of its projects, which

supports successful presales during the launch phase; and the current

favorable environment in Brazil's real estate market, with the higher

availability of financing at longer terms and lower rates than in the

recent past.



    The rating's stable outlook reflects the agency's expectations that

Tecnisa will continue to be successful in its expansion strategy, the

acquisition of lots and the launch of new projects, which will mitigate

some of the risks related to the higher working capital needs projected for

the coming years, the geographic concentration of its land bank and the

fluctuations in the residential construction market.