More Changes Needed for Brazil: Analysts

More Changes Needed for Brazil: Analysts

Brazil Economy & Policy Corporate & Sovereign Strategy

Analysts say S&P’s assigning of a negative outlook to Brazil’s BBB credit rating implies the need for additional fiscal change. The move represents the first time Brazil had a negative outlook since 2002, and comes against a solid trend of upgrades for most non-rouge LatAm countries in the last several years. “This is clearly bad news for the country and should add some selling pressure to Brazilian financial assets, especially at a moment where global capital markets are growing more concerned

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