Wednesday May 31 2017
News Source: Global Exchanges
Focus: Credit Rating
Type: General
Country: Brazil
Moody’s Investors Service has on 26th May 2017 changed the outlook on Brazil’s issuer rating to negative from stable and affirmed its issuer, senior unsecured and shelf ratings at Ba2 and (P)Ba2 respectively.
Moody’s decision to change Brazil’s outlook to negative was driven by the following factors:
- The rise in uncertainty regarding reform momentum following recent political events
- And in consequence the rising threat to the economic recovery and to Brazil’s medium-term economic strength.
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