Tag: brazilean banks

• Tuesday, February 3rd 2015 - 06:49 UTC

  Brazil's nominal budget deficit far worse than expected, 6.7% of GDP

  

  Brazil's federal, state and local governments ended 2014 with a cumulative primary budget deficit equivalent to 12.51 billion dollars putting public finances in the red for the first time since the current reporting methodology was adopted in 2001, the Central Bank announced.

• Thursday, June 28th 2012 - 21:39 UTC

  Moody’s downgrades 11 Brazilian banks ratings which could be exposed to a debt crisis

  

  US rating agency Moody's had downgraded the ratings of 11 Brazilian banks by one to three notches, almost all of them to the level of Brazil's sovereign credit rating.