Fitch Affirms Compass AA(bra), Outlook Negative on Cosan Link

Fitch removed the Rating Watch Negative on Compass's AA(bra) national rating and revised the outlook to Negative, mirroring actions on parent Cosan. The agency notes Compass's credit profile is superior but limited by parent control and partial ring-fencing, capping the rating gap at two notches. This signals increased credit risk for Compass due to parent company weakness, potentially affecting its funding costs.