Raizen stock: Fitch cuts Raizen to restricted default. October 30 vote tests Raizen stock

Published on 10/24/2026 at 00:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fitch moved Raizen to restricted default on October 22, 2026, from C to RD. Raizen stock faces a BRL 35.00 billion capital vote on October 30.

Debt plan reaches decisive dates

Fitch changed Raizen's rating from C to RD on October 22, 2026.
Raizen reported BRL 51.46 billion in revenue for the first quarter of fiscal 2026/27.
Raizen stock was last at BRL 0.43 on October 23, 2026 at 5:10 p.m. BRT on the B3.

Raizen, BRRAIZACNPR6, Illustration mit AI erstellt.

Raizen (ISIN BRRAIZACNPR6) entered a more severe credit phase on October 22, 2026, when Fitch changed its issuer default rating from C to RD. As Zonebourse reported, the move followed approval of the Brazilian energy group's financial restructuring plan. The immediate investor question is how the capital measures alter the equity structure.

Restricted default changes the frame

The rating action puts the debt plan ahead of Raizen's operating profile. The company generated BRL 51.46 billion of revenue in the first quarter of fiscal 2026/27, compared with BRL 51.33 billion in the preceding quarter, an increase of 0.25 percent, according to Investing.com. Net loss narrowed to BRL 1.72 billion from BRL 7.33 billion over the same comparison, but the balance sheet still carries the central risk.

Three dates reshape the plan

On July 30, 2026, the out-of-court recovery plan covering BRL 61.40 billion of debt was approved, according to UOL. On September 30, 2026, Raizen called shareholders to vote on authorized capital of up to 200 billion shares, also reported by UOL. On October 22, 2026, Fitch moved the rating from C to RD, as documented by LatinFinance.

What does BRL 35 billion change?

The proposed capital operation would raise at least BRL 3.50 billion through 14 billion shares priced at BRL 0.25 each, while the wider plan includes a capital reduction of up to BRL 35.00 billion. Estadao reported that the proposal also covers a new preferred-share class and a possible change from RAIZ4 to RAIZ5. These mechanics make dilution, voting rights and debt conversion more important than a simple earnings comparison.

November brings the next decision

The extraordinary shareholder meeting is scheduled for October 30, 2026, and the board is scheduled to decide on the capital increase on November 5, 2026, according to Estadao. The plan is scheduled for completion by March 31, 2027, giving the restructuring a defined sequence of corporate milestones.

B3 valuation stays under pressure

Raizen was last at BRL 0.43 on the B3 on October 23, 2026 at 5:10 p.m. BRT, with a market capitalization of BRL 4.5 billion and a 52-week range of BRL 0.21 to BRL 1.13. The next corporate decisions now provide the clearest dated tests for the equity story. The further course of trading is shown by the continuously updated real-time quote of Raizen stock.