Fitch affirms CSN

Fitch Ratings said it affirmed Companhia Siderurgica Nacional's (CSN) local currency rating of BBB- and the foreign currency rating of BB-, as well as the company's national scale rating of AA-(bra). The outlook is stable.

Fitch said CSN's ratings are supported by the company's position as one of the industry's lowest cost steel producers.

According to Fitch, the company also benefits from its modern production facilities, vertical integration and access to low-cost labor.

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