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Tag: Fitch

RIO DE JANEIRO, BRAZIL - Shelly Shetty, Fitch's co-director of sovereign ratings for the Americas, said maintaining fiscal credibility and progressing with structural reforms is critical to changing the adverse outlook given Brazil's "BB-" rating in May last year. "Our...
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Mining giant of Brazil, Vale, registered on Monday the largest plunge in share value in a single day in its history, plummeting 24.52 percent during trading hours and losing...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Fitch Ratings has downgraded Brazilian conglomerate Odebrecht’s Long-Term Foreign and Local Currency Issuer Default Ratings to 'CC' from, 'B- ' and its National Long-Term Rating to 'CC ', from 'BB-...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Although Brazil’s economy will still register a contraction this year, the decline will be lower than expected, according to risk agency Fitch. Its Global Economic Scenario report released on Wednesday...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – After withdrawing Brazil’s investment grade ranking in December, risk classification agency, Fitch, once again lowered the country’s credit rating, now from BB+ to BB. According to the risk agency the...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The economic scenario in Brazil deteriorated on Wednesday as Moody’s downgraded the country’s sovereign risk to junk status and changed the country’s outlook to negative. Moody’s was the last of...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The investment grade of Brazil has been pummeled with the downgrade on Wednesday of the country’s sovereign rating by Fitch Ratings. Along with the downgrade, Fitch also announced that it...
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...

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