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By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Almost two years after Standard & Poor’s Ratings Services lowered its long-term foreign currency sovereign credit rating for Brazil to ‘BB’, S&P cuts its ratings once again, this time to...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – After withdrawing Brazil’s investment grade ranking in December, risk classification agency, Fitch, once again lowered the country’s credit rating, now from BB+ to BB. According to the risk agency the...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The possibility of having Brazil’s credit rating drop down from investment grade into junk status caused additional turbulence to the country’s economic market, with the stock market closing down and...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Stacking more pressure on Brazil’s already ailing economy, Moody’s Rating Agency announced Wednesday it was putting the country’s Baa3 rating on review for a downgrade, with the possibility of it...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – As expected by many economists and feared by Brazilian government officials, another ratings agency has downgraded the country’s sovereign ratings. Fitch Ratings lowered Brazil’s rating from BBB to BBB-, one...
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