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S&P downgrades Brazil’s sovereign debt rating to BBB minus

Tuesday, March 25th 2014 - 08:51 UTC
Full article 8 comments

Standard & Poor's cut Brazil's sovereign debt rating closer to speculative territory in a blow to President Dilma Rousseff administration. Brazil had its long-term debt rating downgraded to BBB minus, the agency's lowest investment-grade rating. S&P changed its outlook to stable from negative, meaning further downgrades are unlikely for now, which will come as a relief for both politicians in Brasilia and financial markets.The move was widely expected but the timing surprised some investors. Read full article

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  • yankeeboy

    Higher costs, power outages, slum insurrection, recession. looks like a great place to live!
    BRICs had their generational opportunity to try to pull themselves out of the mire but not one of them was able to. It looks like every one of them has reverted back to what the 3rd world Sh*tholes that they always have been.

    Mar 25th, 2014 - 11:50 am - Link - Report abuse 0
  • JoseAngeldeMonterrey

    This is a near-junk rate. Incredible when we think about all construction and public investment going on because of the world cup.

    Mar 25th, 2014 - 03:14 pm - Link - Report abuse 0
  • ChrisR

    Now the gloss has been peeled away in so many areas Brazil is revealed for what it is: a pretender country to a civilised world.

    Dilma listens too much to The Liar Mantega and the economy suffers because of it.

    The way this is going they will be lucky to stay ahead of The Dark Country: it could happen so easily.

    All the suspect building work for the WC cannot hide the truth that football para todas just isn’t going to help.

    Mar 25th, 2014 - 05:10 pm - Link - Report abuse 0
  • the_Truth_shall_B_Trolld

    @1

    If its a matter of comparisons they don't need to pull themselves anywhere. The USA is quickly on its way to joining them.

    Read the latest drug, poverty, and education reports out of the USA? LOL, you are now 41st in math! And your poverty rate is the highest in two generations.
    Not to mention your infrastructure is crumbling all around you.

    BRICUSA. Coming soon.

    Mar 25th, 2014 - 06:19 pm - Link - Report abuse 0
  • yankeeboy

    4. Poor little monkey, you think being poor and stupid is somehow virtuous.

    There are 100 of thousands of Brazilians working as waiters, bartenders, prostitutes, strippers, painters, etc(just like Argentineans) living illegally here.
    They want to be part of us and are willing to sell their soul to be here.
    Even being illegal and poor is better than being middle class in those terrible countries.

    You need to watch this if you can get access:
    http://video.pbs.org/program/civilization-west-and-rest-niall-ferguson/

    or this
    http://video.pbs.org/program/civilization-west-and-rest-niall-ferguson/

    Mar 25th, 2014 - 09:37 pm - Link - Report abuse 0
  • the_Truth_shall_B_Trolld

    Amazing American Medicine at work

    http://www.hlntv.com/video/2012/10/04/7-ft-tall-woman-god-only-gives-you-much-you-can-handle

    Telling what the doctor says at the end.

    Can't even diagnose a simple tumor.

    Mar 25th, 2014 - 10:11 pm - Link - Report abuse 0
  • yankeeboy

    If you get your medical advice from a TV doctor that would answer a whole lot of questions for me about education.
    You are psychotic
    You need help
    See a Dr not one that plays one on TV.

    Mar 26th, 2014 - 12:12 am - Link - Report abuse 0
  • Jack Bauer

    The downgrading of Brazil by S&P - is no surprise...it's been long expected. Mantega, Dilma and her PT infiltrated government has been working hard on it...the “public” investments which everyone likes to talk about but nobody ever sees, are practically limited to either building or overhauling the 12 stadiums....after the Cup is over, Brazil will still have a lousy, inadequate infrastructure.....and the ignorant voters will all support Dilma big-bottom.

    Mar 26th, 2014 - 07:13 pm - Link - Report abuse 0

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