Brazil Gets Some Breathing Room From Rating Agencies: BarclaysMani
Despite ratings agency S&P recently changing its outlook on Brazil to negative, Moody’s has positively surprised by changing its outlook to stable, thereby providing some breathing room to Brazil, notes Barclays.
Analysts at Barclays in their August 13, 2015 research report titled: “Bear in a China shop” note the PBoC’s decision last week to devalue its currency caused reverberations in broader markets, including EM credit . . .
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