Brazil’s Credit Rating Downgraded by S&P: Daily

By William Jones, Contributing Reporter

RIO DE JANEIRO, BRAZIL – Brazil's economic outlook soured yesterday when the Central Bank announced that the country's trade deficit is expected to reach US$80 billion in 2014, as the country's credit risk rating suffered another downgrade by rating agency Standard and Poor's from BBB to BBB minus on Monday.

Brazil’s banking federation said the trade deficit was more that manageable as they defied expectations of posting a loss of US . . .

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