Credit rating agency Fitch Ratings downgraded Brazil's sovereign debt rating to -BB with a stable outlook. The previous status had been BB with a negative outlook. The move brings Brazil closer to junk level.
Brasília - Ratings agency Standard & Poor's (S&P) downgraded Brazil's credit rate three levels below the investment grade, with a stable outlook. The downgrade was announced this Thursday (Dec. 11) night.
Standard & Poor's rating agency on Monday (22) announced it placed Brazil's sovereign credit rating in local and foreign currency on CreditWatch with negative implications.
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