tommy271
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Brazil 'BB-/B' Sovereign Ratings Affirmed; Outlook Remains Stable
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- 07-Feb-2019 13:49 EST
RATINGS
Foreign Currency: BB-/Stable/B
Local Currency: BB-/Stable/B
For further details, see Ratings List.
OVERVIEW
- Jair Bolsonaro assumed the presidency of Brazil on Jan. 1, following an
electoral process marked by deep voter disenchantment with the
established political class.- The new administration confronts the challenge of maintaining broad
political capital and forging effective Congressional alliances to pass
controversial pieces of legislation to correct structural fiscal slippage
and a rising debt burden, as well as to bolster trend growth.- We are affirming our 'BB-' long-term and 'B' short-term sovereign credit
ratings on Brazil.- The outlook remains stable, reflecting our expectation of a gradual
strengthening of the country's fiscal profile as the Bolsonaro
Administration slowly advances policies to reduce Brazil's large fiscal
deficit and foster more solid growth.
Un pò "avari", ma va bene lo stesso: mi sarei aspettato almeno un outlook positivo.