Raízen Hiring Advisers as Bonds Slump on Debt Concerns
A Raizen ethanol processing facility in Piracicaba, Sao Paulo state, Brazil.
Photographer: Victor Moriyama/BloombergRaízen SA’s credit rating was slashed deeply into junk grade by Fitch Ratings and S&P Global Ratings as the Brazilian sugar-and-ethanol company faces a growing cash crunch, fueling a selloff in its bonds that’s cut the prices nearly in half over the past week.