Raízen One Step From Default After Third Agency Downgrade

2026-03-19 - 11:20

Key Points — Moody’s cut Raízen’s credit rating from Caa3 to Ca — just one notch above outright default — after a São Paulo court granted the company 180 days of protection from creditors — The agency classified the Raízen restructuring as a “distressed exchange,” meaning creditors are expected to take losses on R$65 billion