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S&P upgrades Gerdau outlook to positive on improving North American operations
GGBGerdau S.A.
Standard & Poor's Global Ratings affirmed Gerdau S.A.'s credit ratings while revising the outlook from stable to positive. The agency cited expectations of a strengthening operating and financial profile driven by resilient performance in North America, efficiency gains from strategic investments in Brazil, improved cash flow generation, and conservative capital allocation with low leverage levels. Fitch also maintains a positive outlook as of July 2026, while Moody's holds a stable outlook from March 2026. Gerdau S.A. is a major producer of long steel products, including rebar, wire rod, and structural steel, operating primarily in Brazil and the United States.