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2 results for “Moody's downgrade”

Moody's Local Downgrade Hits Cosan as Raízen Restructuring Signals Weaker Dividend Flow
PROMarkets• Aug 11

Moody's Local Downgrade Hits Cosan as Raízen Restructuring Signals Weaker Dividend Flow

Moody's Local Brasil cut the rating for Brazilian conglomerate Cosan (CSAN3) to A+.br, reflecting the credit deterioration of its subsidiary Raízen.

Moody's Downgrades Cosan (CSAN3) as Raízen's Debt Restructuring Creates Contagion Risk
PROSmall Caps• Aug 11

Moody's Downgrades Cosan (CSAN3) as Raízen's Debt Restructuring Creates Contagion Risk

Moody's Local Brasil downgraded holding company Cosan's rating to A+.br with a negative outlook, citing the credit impact from its subsidiary Raízen's R$61.4 billion debt overhaul.