Moody’s Warns Brazil

Oct 4, 2013

Moody’s has lowered its outlook on Brazil’s Baa2 credit rating to stable from positive, it says, citing worsening debt and investment ratios as the economy cools. The agency points to Brazil’s investment-to-GDP ratio, which sank to 17.6% last year from 20.2%...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management