Back

Weekly Report - 11 September 2014 (WR-14-36)

BRAZIL: Moody’s weighs in on Brazil mid campaign

In more bad news for President Dilma Rousseff, the international ratings agency Moody’s Investors Service on 9 September cut its outlook on Brazil's sovereign rating to negative, and a day later similarly adjusted its outlook for Brazilian banks. While the Rousseff executive, caught unawares, was dismissive, the move will weigh on the cost of domestic credit at a time when the government is desperately keen to stimulate private sector investment.

End of preview - This article contains approximately 713 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.