Fitch revises CSN view to stable

Fitch Ratings said it revised the outlook to stable from positive for Companhia Siderurgica Nacional.

“The outlook revision to stable from positive reflects a negative environment for transformational transactions that would materially lower gross debt,” the agency said in a press release.

Fitch affirmed the long-term foreign- and local-currency issuer default ratings at B and national scale ratings at BBB-(bra).

Fitch also affirmed the company's senior unsecured notes of CSN Islands XI Corp., CSN Islands XII Corp., and CSN Resources that are all guaranteed by CSN at B/RR4.

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