S&P cuts Brazil rating citing slow growth


S&P has put Brazil's rating at BBB-, the lowest level for investment grade debt, and called the outlook stable - Reuters Photo.

WASHINGTON: Standard & Poor's cut Brazil's credit rating Monday by one notch, citing the government's unclear policy signals as it faces a weaker fiscal situation and slower growth.

S&P put Brazil's rating at BBB-, the lowest level for investment grade debt, and called the outlook stable.

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S&P , Brazil , economy , ratings , downgrade

   

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