Raízen Cut to Default as Restructuring Plan Advances - LatinFinance

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Fitch Ratings has cut Raizen's credit notes into foreign and local currencies from C to RD to RD, the equivalent of restricted cap, and the national note from C to RD to RD to RD. To have full access, access the link of the subject and register.

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Fitch Ratings lowered Raízen's (RAIZ4) credit notes (ratings) this Thursday (22) to the restricted default category, which is equivalent to the cap level and indicates inadequacies in certain financial obligations. The agency has cut the long-term classifications of the company and subsidiary Raízen Energia from ‘C' to ‘RD', both in [...]