S&P Global reaffirms BB- rating of Brazil, with stable outlook

S&P Global reaffirmed Brazil’s BB- rating, with a stable outlook. The agency said that the country’s budget consolidation in the 2021-2024 period should be “slow”, as pressures for increased spending “remain high”, while the government’s overall debt should rise to around 75% of the Gross Domestic Product (GDP) in 2024.

Source: UOL Economia