Tue, 25 Mar 2014 09:52:03 GMT
Brazil rating lowered to BBB-: S&P
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'.