Brazil in Crisis Means 93 Company Downgrades Just the Beginning

FILIPE PACHECO AND NEY HAYASHI CRUZ, BLOOMBERG BUSINESS- 7/20/2015

Brazil is keeping credit-rating companies busy.
Moody’s Investors Service, Standard & Poor’s and Fitch Ratings have dished out 93 corporate downgrades since January 1, already more than in any full year since 2002, and they may not be done. Speculation is mounting that Moody’s — which met with officials in Brazil last week — will lower the country’s rating, a move that would trigger cuts for businesses with close ties to the government, such as state-controlled companies and banks.

Read More…

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s