Emergency aid: Fitch sees room for Brazil to implement modest-sized benefit

"It is not something that is going to bankrupt the economy," said Shelly Shetty

RIO DE JANEIRO, BRAZIL - Brazil has room to implement a modest-sized new emergency aid, Fitch Ratings' co-head of sovereigns for the Americas, Shelly Shetty, said during an online panel on emerging countries' ratings.

Shelly pointed to a slightly better-than-expected picture for Brazil's fiscal situation in 2020, although the framework is still very fragile. According to the executive, gross debt did not exceed 90% of GDP, as the agency had projected, for instance.

However, the co-head of sovereign ratings at Fitch stressed the need for Brazil to resume its reform agenda to get back on . . .

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