Moody's affirms CSN's B2 ratings; changes outlook to stable
Rating Action: Moody's affirms CSN's B2 ratings; changes outlook to stable. Global Credit Research- 29 Oct 2020. Sao Paulo, October 29, 2020-- Moody's América Latina Ltda., affirmed Companhia Siderurgica Nacional' s global scale ratings at B2 and the National Scale Ratings at Ba1.br.Companhia Siderurgica is engaged in the entire steel production chain, from the mining of iron ore to the production and sale of a diversified range of steel products. Co. divides its business into five segments: steel, which produces a broad line of steel products, including slabs, hot and cold-rolled, galvanized and tin mill products for various industries; mining, where Co. owns a number of iron ore mines; cement, where Co. produces cement by using slag; logistics in which Co. has equity interests in three railroad companies and operates the Container Terminal at the Itaguai Port; and Co.'s assets in the energy segment which generate electric power.
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