Moody’s gives a vote of confidence in Brazil

The maintenance of the “Ba2” rating of Brazil’s sovereign debt by Moody’s, with a stable outlook, is a vote of confidence in the country’s long-term fiscal stability. The risk rating agency’s decision on Friday comes as the Brazilian government’s deficit and debt reach record levels due to the coronavirus crisis and after Fitch and S&P cut the outlook for the country’s rating, from stable to negative.

Source: Reuters