Fitch Ratings publishes report on Brazilian funds and asset managers

Fitch Ratings has released its Brazilian Funds and Asset Managers dashboard, a report that analyzes the evolution of the country's asset manager industry.

The report explores the flow of funds among different strategies, as well as funds’ performances and an outlook on Brazilian equities.

Corporate debt levels are projected to level off during 2015. Management teams have slashed capex and reduced merger and acquisition activity in response to the dire economic situation. The median cash flow burn was only 1 percent of revenues during 2014, the lowest level recorded by Brazilian corporations since 2010.

Fitch takes an approach to ratings endorsements so that ratings produced outside the European Union may be used by regulated entities within the E.U. for regulatory purposes, pursuant to the terms of E.U. regulation with respect to credit rating agencies.

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