Public debt costs take toll on corporate borrowing in Brazil

Public debt costs take toll on corporate borrowing in Brazil

Corporate & Sovereign Strategy Debt Brazil Capital Markets Economy & Policy Debenture Bonds

Analysts and investors are concerned that higher servicing costs for Brazil's public debt are taking a toll on corporate borrowers, although the situation for some remains "manageable," sources told LatinFinance on Wednesday. The average cost for Brazil's public debt reached 9.86% overall and 10.58% in the local market in the 12 months through May this year, the highest level in nearly five years, fueled by a combustible mix of high interest rates, high inflation and volatile global market condi

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