Moody’s Warns Brazil

Moody’s Warns Brazil

Brazil Bonds Corporate & Sovereign Strategy

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% in 2011. That ratio is not expected to exceed 20% during 2013. It also cited the country’s debt-to-GDP ratio, which, at 60%, is higher than the 45% average for similarly rated sovereigns. “Even though there are signs that the Brazilian econo

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial