The agency S & P lowered the credit rating of Brazil – Russian Newspaper

The international agency Standard & amp; Poor’s downgraded the sovereign rating of Brazil’s foreign currency for another step “junk” level, “BB”, with a negative outlook. Thus, one of the BRIC countries on this indicator was on the same level with Guatemala, Paraguay and Bolivia

. <-! Noindex ->

see also

<-! / noindex ->.

“The political and economic challenges faced by Brazil remain significant in the current conditions, we expect a longer recovery process, with a slower pace of fiscal adjustment policy, as well as another year of gradual economic slowdown, “the report said agency.

in addition, the specialists of the agency noted that the political process will also have a negative impact on the economic situation in the country due to the fact that the authorities of all harder it will be to make strategic decisions. At the same time, S & amp; P stresses that “even if the process of impeachment of the president will be brought to the end,” it will not affect the speed of the adoption of reforms. Political instability will have a negative impact, “regardless of who ultimately will be the Head of State”

Recall that Brazil lost “investment” rating S & amp;. P in September last year. The main reasons behind such actions the agency has named corruption scandal around the state-owned company Petrobras, which were involved in a number of large business and political figures, including former President Lula da Silva. Investigations in relation to state-owned companies, as well as the fall in oil prices, led to the fact that in mid-January of this year, Petrobras has lost 85% of its value relative to 2008.

Found a bug? Highlight the text with error, and press Ctrl + Enter , to tell us about it.