S&P cuts outlook on Brazil rating amid slow expansion

Source: Bloomberg
© Scanpix\Associated press

Standard & Poor's lowered the Brazilian credit rating outlook, which said weak economic improvement and an expansionary economic policy possibly might rise Government's debt levels. The S&P announced yesterday that it cut outlook on Brazil's BBB rating, that is two levels higher than junk and matches with Mexico and Russia, from stable. 

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Fri, 07 Jun 2013 09:59:42 GMT

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