Tag: Brazil credit rating

• Friday, October 16th 2015 - 07:43 UTC

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

  

  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.

• Thursday, May 29th 2014 - 05:51 UTC

  Brazil's central bank opted to leave rate unchanged at 11%, “at this moment”

  

  Brazil left its benchmark interest rate unchanged on Wednesday. In a unanimous decision, the central bank's monetary policy committee, Copom, kept the Selic rate at 11%, breaking a streak of nine consecutive hikes as expected by a majority of analysts and market traders.

• Thursday, October 3rd 2013 - 19:17 UTC

  Moody’s lowers Brazil’s credit rating to stable from positive: rising debt and weak growth

  

  Brazil’s currency Real declined from its highest level in two weeks after Moody’s Investors Service cited rising debt and weak growth in lowering its outlook on the country’s credit rating to stable from positive.