Raízen Backers Moved Too Late to Halt Rating Wipeout, Fitch Says

Pledges of help from leading shareholders in Raízen SA were too little, too late to prevent an eight-notch downgrade by Fitch Ratings, said the ratings firm.

By Giovanna Bellotti Azevedo, Rachel Gamarski · Bloomberg Markets

Pledges of help from leading shareholders in Raízen SA were too little, too late to prevent an eight-notch downgrade by Fitch Ratings, said the ratings firm.