Macroeconomy/Finance

Fitch cuts to “negative” outlook for Brazil’s rating

The rating agency Fitch Ratings reported on Tuesday that it had revised the outlook for Brazil’s sovereign credit rating to “negative”, citing a deterioration in the country’s economic and fiscal scenario and renewed political uncertainty. Doubts about the duration and intensity of the spread of the coronavirus in Brazil were also raised.

Source: Exame

Categories: Macroeconomy/Finance