S&P downgrades Brazil's steelmaker CSN, keeps outlook negative
October 27, 2015 at 15:22 PM EDT
RIO DE JANEIRO, Oct 27 (Reuters) - Ratings agency Standard & Poor's on Tuesday downgraded the foreign debt of Brazilian steelmaker CSN to BB-minus from BB, saying a further downgrade was possible in the medium term due to a depreciated local currency and a depressed steel market.
