LatAm Daily | Moody’s becomes the third agency to withdraw Brazil’s investment grade
Published on Thursday, February 25, 2016
LatAm Daily | Moody’s becomes the third agency to withdraw Brazil’s investment grade
In addition to cutting Brazil’s rating by two notches, Moody’s has opted to maintain its negative outlook. Also in Brazil, credit markets continued to deteriorate: lower expansion of credit with higher lending rates and non-performing loans.
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