Fitch calls for Brazil to cut spending to stay BBB

Fitch calls for Brazil to cut spending to stay BBB

Economy & Policy

Brazil should cut spending and reduce debt to support its BBB sovereign rating, Fitch said on Tuesday. Economic growth in South America’s largest economy is slowing amid continued spending pressures and high inflation, the agency said. “Fitch has emphasized that Brazil's public finances continue to represent a relative weakness for its credit profile,” the agency said in a statement. President Dilma Rousseff, who is running for re-election in October, has pledged to cut spending this year, which

Already have an account?

Free trial

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

Free Trial