Tag: downgraded

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 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....