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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 – Risk rating agency Moody's upgraded Petrobras' credit note from B2 to B1 and shifted the outlook to positive, indicating that the rating may rise again at any time. Despite the...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – International ratings agency Standard & Poor's (S&P) announced on Friday it was maintaining Brazil’s ratings two levels below investment grade and reaffirmed the negative outlook for the country. Government officials,...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Although Brazil’s economy will still register a contraction this year, the decline will be lower than expected, according to risk agency Fitch. Its Global Economic Scenario report released on Wednesday...
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 investment grade of Brazil has been pummeled with the downgrade on Wednesday of the country’s sovereign rating by Fitch Ratings. Along with the downgrade, Fitch also announced that it...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The federal government of Brazil delivered yet another blow to the country’s ailing economy on Thursday by announcing that it now estimates a retraction in the country’s GDP for 2016...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – A week after Brazil’s government presented a forecast of a deficit in its 2016 budget, rankings agency, Standard & Poor’s downgraded the country’s long-term foreign and local currency sovereign ratings...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Credit ratings agency Moody’s downgraded Brazil’s ratings on Tuesday (August 11th) from Baa2 to Baa3, but improved the country’s outlook from negative to stable. According to the ratings agency, a...
By Lisa Flueckiger, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL - Against widespread expectations from financial experts, rating agency Standard & Poor's has decided not to downgrade Brazil's credit rating yet. The country's current rating status of BBB- is...
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