Moody’s Forecast Won’t Dampen Brazil

By William Jones, Contributing Reporter

RIO DE JANEIRO, BRAZIL - International credit rating firm Moody's has cut Brazil's credit outlook from ‘positive’ to ‘stable’, despite the South American giant’s economy showing signs of a recovery over the past six months. The influential rating company maintained the country's government bond rating at Baa2, on a par with the likes of Peru and Italy, one step below Mexico and South Africa.

According to its report, the company's decision was led by “evidence that Brazil is going through a low growth period”, following forecasts of a little over two . . .

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