Moody’s Downgrades CSN to Ba3 as Debt Pressures Mount, Outlook Stabilizes

Moody’s Investors Service recently downgraded Companhia Siderúrgica Nacional (CSN), one of Brazil’s largest steel and mining companies, from “Ba2” to “Ba3,” citing ongoing financial pressures. The agency, however, revised the company’s outlook from negative to stable, reflecting confidence in its liquidity management despite challenging market conditions. This move highlights the financial strain on CSN as […]