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Tag: Moody’s

RIO DE JANEIRO, BRAZIL - Rating agency Moody's has assessed that the exclusion from the spending cap of additional government spending, such as that linked to Covid-19, is negative for Brazil's credit rating profile, which is at Ba2, with...
RIO DE JANEIRO, BRAZIL - The rating agency Moody's has improved the outlook of the banking system of Paraguay, Panama and Argentina, by changing its rating from "negative" to "stable", the entity informed on Thursday. In Paraguay and Panama's case,...
RIO DE JANEIRO, BRAZIL - The agency stated in a report that the risk of default remains latent despite the temporary support that additional external financing from the special drawing rights (SDR) to be granted to Argentina by the...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Risk rating agency Moody's upgraded Petrobras' credit note from B2 to B1 and shifted the outlook to positive, indicating that the rating may rise again at any time. Despite the...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – After years of planning and implementing new infrastructure works, Rio de Janeiro will host the 2016 Olympics and Paralympic Games. The Games, according to the latest estimates, cost at least...
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 – Wednesday saw the U.S. dollar fell below the R$4.00/US$1 level to its lowest rate of the year in relation to the Brazilian real and the country’s main stock market rise,...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The possibility of having Brazil’s credit rating drop down from investment grade into junk status caused additional turbulence to the country’s economic market, with the stock market closing down and...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Stacking more pressure on Brazil’s already ailing economy, Moody’s Rating Agency announced Wednesday it was putting the country’s Baa3 rating on review for a downgrade, with the possibility of it...

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