S&P Affirms Brazil’s Sovereign Credit Rating At BB-, Outlook Stable

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RIO DE JANEIRO, BRAZIL – The agency says the country should experience slow fiscal consolidation until 2024, but an economic recovery this year should help contain debt.

S&P Global maintained Brazil’s long-term foreign currency sovereign credit rating at BB- with a stable outlook, stressing that slow fiscal consolidation is expected in the country until 2024, but economic recovery this year should help contain debt.

The agency also said in its report that the window of opportunity for reform will narrow as the 2022 elections approach, and in the absence of such elections. … …

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