Brazil's Credit Rating Cut To Junk By Fitch
Brazil's sovereign credit rating was trimmed to junk by Fitch Ratings, which cited the deeper-than-expected recession, ballooning budget deficit and political turmoil. Fitch becomes the second major credit rating firm to downgrade Brazil to junk, mirroring a similar move by Standard & Poor’s in September.
Fitch lowers Brazil's rating to BB+ from BBB-
Fitch Ratings cut Brazil’s credit rating to junk as Latin America’s largest economy heads into its longest recession since the Great Depression amid political turmoil. As . . .
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