Brazil rating lowered to BBB-: S&P

Source: RTT News
© Scanpix/FP
Brazil credit rating was downgraded by the rating agency Standard & Poor's citing weakened growth and fiscal slippage in the following years, a report released by the agency showed on Tuesday. According to the report, the country's long-term rating was lowered from ‘BBB' to ‘BBB-‘, the lowest so-called investment grade, while the outlook stayed ‘stable'.

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