LatAm Daily | Moody’s downgrades Brazil to Baa3 due to economic and political issues
Published on Wednesday, August 12, 2015
LatAm Daily | Moody’s downgrades Brazil to Baa3 due to economic and political issues
Summary
Overnight, Moody’s decided to downgrade Brazil while attaching a stable outlook. The decision comes after S&P’s outlook downgrade to negative from stable 2 weeks ago. Meanwhile, June retail sales will be released today; we expect a drop of 0.4% MoM, supporting our view of a severe contraction in consumption
Geographies
- Geography Tags
- Latin America
- Brazil
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Cecilia Posadas
BBVA Research - Principal Economist
Enestor Dos Santos
BBVA Research - Principal Economist
Jorge Selaive
Juana Téllez
BBVA Research - Chief Economist
Carlos Serrano
BBVA Research - Chief Economist
Hugo Perea
BBVA Research - Chief Economist
Alejandro Faci