Story thread · 3 reports / 2 sources
CSN Downgraded to Caa1 Ahead of a US$1.3bn Bond Swap
riotimesonline.com · 8d
Rio Business · Credit & Ratings, 2 August 2026 Key Facts —The cut — Moody’s lowered CSN to Caa1, a deep-junk tier equivalent to a CCC+ rating, with a negative outlook on 18 May 2026. —The trigger — Moody’s cited weak liquidity and the risk of a distressed exchange, months before any deal was made […] The post CSN Downgraded to Caa1 Ahead of a US$1.3bn Bond Swap appeared first on The Rio Times .
First report: CSN subsidiary launches exchange offer for 2028 notes — investing.com, 11d
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