Brazil Hit With Second Junk Rating

Financial Times, 12/16/2015

It’s official. Brazil has now been stripped of its investment grade status by two major credit rating agencies, potentially heralding the start of further selling in Brazilian assets.

Fitch Ratings on Wednesday downgraded Brazil by one notch to BB+, with a negative outlook. The agency cited the country’s worsening economic outlook and growing political crisis as reasons behind the move.

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