Brazilian steel company extends maturity on $4.4bn worth of debt owed to Banco do Brasil and Caixa Economica Federal
Tag: CSN
Posted inDaily Brief
CSN gets another ratings cut
S&P joins Moody’s and lowers the Brazilian steelmaker deeper into junk territory
Posted inDaily Brief
Moody’s downgrades CSN
Brazilian steelmaker has to consider asset sales, a capital increase or refinancing to reduce debt levels, rating agency says
Posted inDaily Brief
CSN mulls iron ore unit sale
Brazilian steelmaker could offload 20% to 30% of Congonhas Minérios as it looks to raise some $2.35bn from asset sales, CEO says
Posted inDaily Brief
S&P downgrades CSN
Brazilian steelmaker is burning through cash reserves to make interest payments, rating agency says
Posted inDaily Brief
CSN sells Metalic
Poland’s Can-Pack agrees to pay $98m in cash for the tin plate can manufacturer
Posted inDaily Brief
CSN sheds assets
Brazilian steelmaker expects to announce the first deal within 10 days
Posted inDaily Brief
CSN increases Usiminas share
Brazilian steelmaker spends $50m for another 3% stake in the Minas Gerais-based counterpart
Posted inDaily Brief
Moody’s downgrades CSN
The Brazilian steelmaker has its ratings cut twice in one week
Posted inDaily Brief
Fitch says CSN could face restructuring
The rating agency deems the Brazilian steelmaker’s capital structure “unsustainable” in current market conditions