Moody’s Cuts Brazil’s Raízen to Junk on Rising Debt Levels

A Raizen ethanol facility in Piracicaba, Brazil. — A Raizen ethanol facility in Piracicaba, Brazil.
Photographer: Victor Moriyama/Bloomberg

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By Giovanna Bellotti Azevedo and Dayanne Sousa

November 27, 2025 at 1:08 PM UTC

Updated on

November 27, 2025 at 3:46 PM UTC

Moody’s Ratings downgraded sugar powerhouse Raizen SA, cutting to junk one of Brazil’s last remaining investment-grade corporate credits.

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