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RSS FeedsS&P lowers Brazil outlook to `stable,` but door still open to upgrade
(World News Brazil)

 
 

7 april 2020 13:00:07

 
S&P lowers Brazil outlook to `stable,` but door still open to upgrade
(World News Brazil)
 


S&P Global Ratings lowered its outlook on Brazil’s sovereign debt to “stable” on Monday, citing huge government spending to soften the economic blow from the coronavirus, but said a credit rating upgrade is still more likely than a downgrade. While the fiscal deficit is expected to double this year to 12% of gross domestic product, S&P remains confident that the government will resume...


 
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