Government needs to prove that fiscal adjustment is for real

One of the main international risk rating agencies, Standard & Poor's, maintained the credit concept of the Brazilian economy in its most recent assessment, however with a downward bias, warning that the country could be downgraded in the coming months, if there is no progress in public finances. In the technical language of these agencies, Brazil has left stable (when there is little possibility of downgrade) to a negative perspective (more likely).

Source: O Globo website (29/07)


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