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 still within investment grade and will be maintained, while the agency changed the outlook to negative.
Changing the outlook of Brazil to negative means that the agency expects the economic recovery to take longer than anticipated, but the country was let off with a warning regarding its valued investment grade rating in Subscribe to our Premium Membership Plan. Already Subscribed? Login Here