Gerdau SA (GGB) has released an update.
Gerdau S.A. has received a credit rating upgrade from Moody’s Ratings, with its Long-Term Foreign Currency Issuer Default Rating improved to ‘Baa2’ from ‘Baa3’ and its senior unsecured notes also elevated to ‘Baa2’. The company’s Rating Outlook is now classified as Stable, indicating a positive view of its financial stability.
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