In Brazil, Moody’s announces a change in the outlook from stable to negative

Summary

The change of Moody’s outlook “reflects the rising risk that sustained low growth and worsening debt metrics indicate a reduction in Brazil's creditworthiness”. In Mexico we have raised our inflation forecast slightly, we believe annual headline inflation is likely to remain above the upper bound of the inflation target until October, before decreasing slightly in the last two months of the year.

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