S&P and Fitch Lower Raizen's Credit Ratings as Restructuring and Liquidity Risks Rise
Two major rating agencies have cut Raizen S.A.'s credit ratings and placed the company under negative watches, citing signs that a debt restructuring is increasingly likely, sustained cash burn, and missed shareholder funding commitments. S&P Global Ratings lowered its assessment to 'CCC+' and put the company on CreditWatch Negative, while Fitch cu…