Fitch affirms Brazil at BB with a negative outlook
Fitch on Brazil
- Affirmed local and foreign-currency debt
- Repeated episodes of political instability have negative effects for the economy
- Forecasts deficit close to 8% in 2017-18, down 1 pp
- Sees high and increasing unemployment rate
- "Political environment remains challenging although policy and reform inertia have eased over past few months"
Might want to check on that last one.