
November 2, 2015
Fitch Ratings downgraded the foreign currency Issuer Default Ratings of several Brazilian corporations. The Brazilian sovereign foreign and local currency IDRs dropped from BBB to BBB- and the country ceiling from BBB+ to BBB. The current foreign currency rating is Negative. Brazil's rising debt, challenges to fiscal consolidation and economic growth are all factors in the downgrade.
Read more →
Sign-up for the Weekly Newsletter from Latin Business Daily.