Fitch affirms Brazil at BB with a negative outlook

Author: Adam Button | Category: News

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.