New York, October 30, 2015 -- Moody's Investors Service (Moody's) has today downgraded to B1 from Ba2 the foreign currency rating assigned to the senior unsecured notes of CSN Islands XI Corporation, CSN Islands XII Corporation and CSN Resources S.A. that are guaranteed by Companhia Siderurgica Nacional (CSN). At the same time, Moody's América Latina downgraded CSN's global scale rating to B1 and the National Scale Rating (NSR) to Baa3.br from Aa3.br. The outlook remains negative.
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