International credit ratings agency Moody’s has lowered Brazil’s credit outlook from ‘positive’ to ‘stable’. In its statement, Moody’s listed concerns over inflation and the government’s fiscal situation as factors behind this revised outlook. Meanwhile, the government has been negotiating with congress on a new package of fiscal adjustments, which will table more measures to boost revenue so that the government could have room to revise its controversial hike on the financial operations tax (IOF) a few weeks ago [WR-25-21].End of preview - This article contains approximately 673 words.
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