Thu, 03 Oct 2013 08:38:03 GMT
Moody's lowers Brazil rating outlook amid growth perspectives
Rating agency Moody's lowered Brazil's credit rating outlook from positive to stable, while the country's economic growth is going to slow in the nearest future. Meanwhile, the country's current sovereign rating was kept at Baa2 level. As economists, as the Bank of Brazil expect the Brazilian economy to grow 2.5% this year, however, earlier outlook forecasted a 2.7% GDP increase.