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Emerging Markets

Fitch Keeps Brazil’s Rumo at BB+ With a Negative Outlook, and Cosan Is the Reason

The Rio Times · 1h ago · 🇧🇷 Brazil

Fitch Keeps Brazil’s Rumo at BB+ With a Negative Outlook, and Cosan Is the Reason

BRAZIL · MARKETS Key Facts —What happened: Fitch affirmed Rumo at BB+ on 26 August, removed the negative watch, and set a negative outlook. —The catch: The outlook follows parent company Cosan, rated BB-, which caps Rumo under Fitch’s own rules. —Cosan’s relief: Cosan’s own negative watch was lifted on 21 August after asset sales […] The post Fitch Keeps Brazil’s Rumo at BB+ With a Negative Outlook, and Cosan Is the Reason appeared first on The Rio Times .

Read the full story at The Rio Times →

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