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LatinNews Regional Monitor: Brazil & Southern Cone - 12 July 2019

In brief: Brazil

* International credit ratings agencies have reacted positively to the approval of Brazil’s pension reform proposal by the federal chamber of deputies in a first round of voting. Samar Maziad, senior analyst on Latin America for Moody’s Investors Service, notes that Brazil’s credit profile will strengthen if the final approval of the pension reform paves the way for further structural reforms. S&P Global Ratings echoes this view, expecting the pension reform to lead to more deregulation and privatisation, as well as boost business confidence in the country and rekindle demand for credit.