Companhia Siderurgica Nacional (SID.N)
27 May 2016
(The following statement was released by the rating agency) CHICAGO, May 19 (Fitch) Fitch Ratings has recalibrated its Brazilian National Ratings scale following successive downgrades of the sovereign over the last six months. The recalibration has resulted in several national scale rating revisions for issuers in various sectors including financial institutions, corporates, insurance and public finance. Revision ratings are used to modify ratings for reasons that are not related to credit
SAO PAULO, May 11 A Brazilian judge has suspended a Thursday board meeting at steelmaker Usiminas scheduled to select senior management, court documents showed on Wednesday, as a bruising boardroom fight continues to weigh on a difficult turn-around.
May 5 Agricultural commodity traders Louis Dreyfus Co B.V. and Amaggi Group have hired HSBC Holdings Plc to sell part or the entire 25 percent stake they hold in a terminal at the Brazilian port of Itaqui, Bloomberg reported.
SAO PAULO, April 28 Brazilian steelmaker Usiminas appointed Elias Brito as chairman on Thursday in a rare unified vote between two controlling shareholders that have been battling for control of the company for 18 months.
SAO PAULO, April 28 Shareholders in Usinas Siderurgicas de Minas Gerais SA picked Elias Brito, the candidate endorsed by one of the Brazilian steelmaker's controlling partners, as chairman, replacing Marcelo Gasparino, two sources with direct knowledge of the decision said on Thursday.
SAO PAULO, April 28 Shareholders in Usinas Siderurgicas de Minas Gerais SA picked Elias Brito, the candidate endorsed by one of the Brazilian steelmaker's controlling partners, as chairman, replacing Paulo Penido Marques, two sources with direct knowledge of the decision said on Thursday.
BRASILIA, April 27 Brazil's antitrust body Cade ratified on Wednesday a decision to allow steelmaker CSN to nominate two members to the board of its rival Usiminas in which it is a shareholder.
BRASILIA, April 25 Brazilian steelmaker Usiminas said on Monday that Brazil's anti-trust body Cade ruled to allow steel rival CSN to nominate two board members to the its board of directors.
SAO PAULO, April 13 Brazilian steelmaker CSN has asked the nation's antitrust watchdog for permission to appoint members to the board of rival Usinas Siderúrgicas de Minas Gerais SA, in which it owns a significant stake, because it is dissatisfied with some directors, Valor Econômico newspaper said on Wednesday.
SAO PAULO, April 6 Cia Siderúrgica Nacional SA is assessing options besides a sale for container terminal operator Sepetiba Tecon SA after a loan refinancing deal gave the debt-laden Brazilian steelmaker a respite, four sources with direct knowledge of the matter said on Wednesday.