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Moody's Negative on PDG

Nov 20, 2012

Moody’s has placed PDG Realty’s Ba2 ratings under review for downgrade, it says. The review is triggered by a significant deterioration in the Brazilian homebuilder's credit metrics due to...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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