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Fitch cuts Brazil's credit rating to the brink of junk; “terrible” news says government

Friday, October 16th 2015 - 07:43 UTC
Full article 14 comments

Fitch Ratings cut Brazil's credit rating to the brink of junk, warning the country could soon lose its coveted investment grade rating as government finances deteriorate amid a prolonged recession and persistent political uncertainty. Read full article

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  • Brasileiro

    The Brazil worried about ratings? Is this a joke. Everyone knows that the faster we move away from Western speculation, best for Brazil.

    Who cares about rating is the country with debt and lives of borrowing money to loan sharks on Wall Street.

    Brazil needs to sell the securities of the US government before the dollar come apart!

    Oct 16th, 2015 - 08:09 am - Link - Report abuse 0
  • golfcronie

    Brasso, the financial guru of Brazil has spoken. PMSL

    Oct 16th, 2015 - 08:53 am - Link - Report abuse 0
  • Captain Poppy

    Put your tobi hat on for awhile brasshole......you sense make more sense there lately. None.....but more than a brasshole.

    “Although nearly all the countries saw FDI flows reduced, the total fall for the region is concentrated in Brazil, where a significant part of foreign investment has been traditionally orientated towards the development of activities for the domestic market,” said ECLAC.

    http://www.reuters.com/article/2015/10/15/us-latam-investment-idUSKCN0S92KF20151015

    Yes we know brasshole.....having no money is great news for Brazil.

    Oct 16th, 2015 - 10:37 am - Link - Report abuse 0
  • Pugol-H

    “increase borrowing costs for the government and Brazilian companies”

    Those cost are what you have to pay foreigners to borrow their money, which you are having to do to survive.

    You are now going to be paying EVEN MORE money to the western capitalists, than before, or you starve!

    You may wish to re-evaluate this strategy, before it breaks you.

    Oct 16th, 2015 - 03:41 pm - Link - Report abuse 0
  • Tik Tok

    Abandon ship!!

    Oct 16th, 2015 - 07:25 pm - Link - Report abuse 0
  • ElaineB

    It is hard comprehend the stupidity of Brasileiro but fortunately he does not represent the majority of Brazilians who understand the grave situation they are in.

    Isn't it interesting that people with nothing and no future only want the same for everyone else?

    Oct 16th, 2015 - 07:25 pm - Link - Report abuse 0
  • Jack Bauer

    ”An official at Brazil's Finance Ministry said it was “terrible” that Fitch kept a negative outlook on Brazil's rating. A Rousseff aide said the downgrade is a “matter of concern.”

    Funny, why is that ?? I mean Lulla, one of the greatest Statesmen the world has ever known (in his words) , only a few weeks ago, after Brazil was downgraded by Moody's, said that the investment grade was irrelevant, and that they (him, and of course, let's not forget fatty D and the PT) would do whatever they wanted with the Economy. In 2007, when Brazil obtained investment grade, he was bubbling with pride and told everyone that “now Brazil will be considered a serious country”...

    Well. well, well, how things have changed. At least fatty D appears to still be a little concerned .

    @1 brASSHOLE (the one with shit for brains)
    I'm confused. Please tell me whether the investment grade is important for Brazil, or not, and tell me who is right : Lula or Dilma ??

    Oct 16th, 2015 - 07:36 pm - Link - Report abuse 0
  • Brasileiro

    The BRICS are becoming more independent. What's up? Western will leave?

    http://www.globalresearch.ca/russia-precipitates-the-abandonment-of-the-swift-international-payments-system-among-brics-countries/5480183

    Soon all the Third World will operate the payment system of the BRICS.

    Good Bye Status Quo!
    Good Bye Dollar!

    Oct 16th, 2015 - 09:01 pm - Link - Report abuse 0
  • Jack Bauer

    @8 brasshole (with shit for brains)

    The BRICS countries may think they are becoming independent, but in reality that perception is as fake as a 3 dollar bill. With all the Trade agreements that are being signed - with Brazil in none of them - who will need Brazil in the near future ? China, Russia ? We've just seen how reliable they are.

    But please answer my question :
    Regarding the importance of the investment grade, “who is right ? Lula or Dilma ??”

    If you don't know, just STFU !

    Oct 17th, 2015 - 04:00 pm - Link - Report abuse 0
  • Clyde15

    #8

    Oct 17th, 2015 - 08:04 pm - Link - Report abuse 0
  • Britworker

    I think it was just 2 years ago that we were all being told that Brazil was about to be one of the worlds leading economies, taking over the UK and the new force to be reckoned with on the global stage.
    How could they have made such a terrible mess of things in such a short time.

    Oct 17th, 2015 - 09:10 pm - Link - Report abuse 0
  • Hepatia

    http://en.mercopress.com/2015/10/16/fitch-cuts-brazil-s-credit-rating-to-the-brink-of-junk-terrible-news-says-government#comment417422: Captain Poppy it seems that I have not been paying enough attention to this trash site. As a consequence I have neglected to wish you, a Brit pretending to be an American, happy Wayne Simmons indictment day. So, belatedly, I do so now. Please accept my apologies for the delay.

    Oct 19th, 2015 - 03:03 am - Link - Report abuse 0
  • Captain Poppy

    I tip my hat to all the Brits here for kicking Argentina's ass so soundly and completely. It is quite obvious that in waxing their asses when they invaded that Falklands you traumatized them to the point that they think everyone is a Brit.

    When you get this viral form posting as it does in #12 with the expectation that I will react, I say continue to display your self destruction. If you wish to believe that I am a Brit...........go for it. My Argentine wife and extended family know what I am and I am fairly certain that the Brits here can spot a Yank a few miles off.

    Like I told your supervisor Stink, you need more than words on me. Keep yanking Hep C, you will still always be on the losing end of the straw.

    Oct 19th, 2015 - 11:36 am - Link - Report abuse 0
  • Jack Bauer

    @8 Brasshole (the one with shit for brains)
    Quando vai responder qual dos dois está certo com referencia à perda do grau de investimento ? Lula diz que é irrelevante, embora em 2007 tenha dito o contrário ; a Dilma está preocupada...Então ??

    Oct 20th, 2015 - 04:13 pm - Link - Report abuse 0

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