Brazil Downgrade Ahead: Barclays

Brazil Downgrade Ahead: Barclays

Brazil Economy & Policy Corporate & Sovereign Strategy

After a recent lowering of its outlook to negative by S&P, Brazil could see a downgrade by ratings agencies early in 2014, Barclays says. “The combination of weak growth and fiscal deterioration is likely to lead the rating agencies to downgrade Brazil by one notch in early 2014,” the bank says. Preventing such a move would require a significant shift in fiscal policy to reorient investors’ attitudes. For its part, Goldman Sachs finds a complicated macro situation with policy challenges and erod

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