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29 May
09:40

Fitch revises CSN outlook to stable

Fitch Ratings has affirmed its outlook on Brazilian Companhia Siderurgica Nacional`s (CSN) Long-Term Foreign Issuer Default Ratings (IDR) at 'B', while has revised the rating outlook to Stable from Positive. CSN's ratings reflect the company's solid iron ore business and strong Brazilian flat steel market position, as well as the cost competitiveness of these businesses, Fitch says in a note seen by Kallanish. “The IDR affirmation refl…
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