The Standard and Poor’s (S & P) downgraded again the sovereign credit rating of Brazil on Wednesday (17), more than five months after the country lose good paying Agency seal. The rating was cut by one level, from BB + to BB with negative outlook
In September, Brazil lost the investment grade by S & amp;. P, when the country’s rating has been downgraded from “BBB – “to” BB + “with a negative outlook. The rating downgrade of Brazil to the “speculative” category comes less than 50 days after the agency has changed the outlook to negative.
Brazil also lost the investment grade by Fitch, which in December cut the country note for the second time in two months. The long-term debt rating of the country in foreign currency was reduced from BBB- to BB +, the first step of what is considered speculative grade. The agency also put a note in the country a negative outlook, indicating that it may again be lowered.
The country continues with investment grade just by Moody’s, which has warned that it will possibly cut to note the country any time. However, in December the agency placed the sovereign credit rating of Brazil on review for a possible downgrade. The country’s current rating is Baa3, the last level within the investment grade
Brazil won investment grade in 2008
S & amp;. P was the first agency among the largest to take the degree of investment in Brazil. In Moody’s, the country is the last step before the speculative grade. In Fitch, Brazil follows two steps above
Brazil won an investment grade rating by international agencies Fitch Ratings and Standard & amp.; Poor’s in 2008. In 2009, he won the rating by Moody’s.