S&P reaffirm Brazil’s BB- rating and maintains stable outlook

S&P Global Ratings reaffirmed Brazil’s long and short term credit notes in foreign and local currency in “BB-/B”. The agency also preserved the rating on a national scale in “BrAAA” and the assessment of convertibility and transfer in “BB+”. The institution justifies the decision with the expectation that the implementation of a fiscal adjustment and the “modest economic recovery” of the country.

Source: Agencia Estado