S&P downgraded Rumo to BB- and placed it on CreditWatch Negative, citing contagion from controlling shareholder Cosan, which Moody's cut to Ba3 in.
Brazil · Business
Key Facts
—Cosan downgraded. Moody’s cut Cosan to Ba3 from Ba2 on 24 February 2026 and placed it under review for further downgrade.
—Rumo hit by S&P. S&P lowered Rumo to BB- from BB on 6 March 2026, explicitly citing Cosan’s rating as a binding constraint.
—Raízen deepens the crisis. Cosan’s energy joint venture lost R$15.65 billion in its third quarter and carries R$55.32 billion in debt at 5.1x leverage.
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Corte ocorreu por contas de persistência de incertezas financeiras
Cosan abre negociações para vender controle da Rumo
