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Companhia Siderurgica Nacional (CSN) -- Moody's says CSN's B2 ratings and stable outlook unaffected by proposed 2028 notes add-on

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Moody's Investors Service ("Moody's") comments that Companhia Siderurgica Nacional (CSN)'s B2/Ba1.br corporate family ratings and B2 senior unsecured ratings of its wholly-owned subsidiary CSN Inova Ventures (formerly CSN Islands XI Corporation), and stable outlook remain unchanged following the company's announcement that it plans to issue an add-on to its senior unsecured notes due 2028. This transaction will be an add-on to the original $1 billion notes issued in January 2020 by CSN Islands XI Corporation and fully guaranteed by CSN.