Raízen Hiring Advisers as Bonds Slump on Debt Concerns

Raízen SA’s credit scored was slashed deep into junk from investment grade by Fitch Ratings as controllers Cosan SA and Shell Plc fail to come to an agreement on how...

By Giovanna Bellotti Azevedo, Rachel Gamarski · Bloomberg Markets

Raízen SA’s credit scored was slashed deep into junk from investment grade by Fitch Ratings as controllers Cosan SA and Shell Plc fail to come to an agreement on how to rescue the joint-venture, worsening its financial woes.