Ultrapar is Assigned Investment Grade Rating by Standard & Poor's

• Press Release
• Source: Ultrapar Participacoes S.A.
• On 3:17 pm EDT, Friday October 23, 2009

SAO PAULO, Oct. 23 /PRNewswire-FirstCall/ -- ULTRAPAR PARTICIPACOES S.A. (NYSE: UGP; BM&FBOVESPA: UGPA4) hereby announces that the rating agency Standard & Poor's Ratings Services (Standard & Poor's) assigned Ultrapar its BBB- rating (global scale) and brAAA (Brazil national scale), equivalent to investment grade.

According to Standard & Poor's, the ratings assigned to Ultrapar reflect its resilient results supported by its strong brands and leading position in LGP distribution and specialty chemicals; strategic diversification into the fuel distribution business with relevant market share; relatively stable cash generation and intermediate financial profile.

This is the second rating equivalent to investment grade that Ultrapar has received. The first investment grade rating was assigned by the credit rating agency Moody's Investors Service in May 2008.

    Andre Covre
    Chief Financial and Investor Relations Officer
    Ultrapar Participacoes S.A.
    55-11-3177-7014