Brazil faces 50/50 risk of downgrade, says JPMorgan strategist

Brazil faces 50/50 risk of downgrade, says JPMorgan strategist

Brazil faces a 50% chance of being downgraded this year, but the news is unlikely to trigger capital outflows because investors have already priced in the possibility, JPMorgan’s head of Latin America research said. “It’s hard to venture a probability but I’d personally put it up at 50%. ... Because it’s in BBB it will go to BBB-. It won’t lose investment grade, and I think that at this stage probably the market has already discounted that,” Luis Oganes said this week in a panel discussion about

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