Fitch reaffirms BB- rating of Brazil, with negative outlook

Ratings agency Fitch kept Brazil’s long-term credit rating in local and foreign currency unchanged at BB-, as well as the “negative” outlook. In a report released earlier, Fitch reports that the country remains with high public debt, rigid fiscal structure, fragile economic growth potential and challenging political scenario, which makes it difficult to advance economic and fiscal reforms in the appropriate period of time.

Source: Valor Investe