Brazil’s Raizen Cut to Junk by Moody’s on Worsening Debt Metrics

Raízen SA’s credit score was cut by one notch to junk territory by Moody’s Ratings, with the firm citing a deterioration of debt metrics at Brazil’s largest ethanol producer.

By Giovanna Bellotti Azevedo, Leda Alvim · Bloomberg Markets

Raízen SA’s credit score was cut by one notch to junk territory by Moody’s Ratings, with the firm citing a deterioration of debt metrics at Brazil’s largest ethanol producer.