Brazil's Credit Rating Cut To Junk By FitchMani
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 . . .
This content is exclusively for paying members.
If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.