HALISTER1: Bradesco Cuts 2017-End Brazil’s Selic Forecast to 8% From 8.5%

Bradesco Cuts 2017-End Brazil’s Selic Forecast to 8% From 8.5%

(Bloomberg) -- (Translated by Google and reviewed by Bloomberg editors.)
  • Bradesco now sees 1.25 ppts and 1 ppt declines in the next two Copom meetings, followed by two further cuts of 0.5 ppt, pushing Selic to 8% in 2017, a level that will be maintained in 2018, says Bradesco, in a report.
  • Previous projection indicated that Selic would reach 8.5% for both years
  • Economic data have recently sustained the expectation of more expressive cuts in interest rates
  • Bradesco reduces CPI projection from 3.9% to 3.7% in 2017 and from 4.5% to 4.1% in 2018
    • The speed of decompression of current inflation, coupled with the anchoring of short- and medium-term inflation expectations, has led us to revise our inflation scenario for 2017 and 2018
  • Exchange rate will continue close to the current level, with a bias of appreciation, reflecting the fundamentals and favorable path for the pension reform

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Source: BFW (Bloomberg First Word)

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BBDC4 BZ (Banco Bradesco SA)

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HALISTER1: DBRS: HSBC Bank Canada Flat Q1 2017 Results; Stable Net Interest Income & Loss Provision Reversals

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Source: DBR (Dominion Bond Rating Service)

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HALISTER1: Ontario Power Generation Inc. - DBRS Rating Report

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Source: DBR (Dominion Bond Rating Service)

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HALISTER1: Moody's Corp. Earnings Q1 2017 Earnings Call Teleconference MCO

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Source: BT (Bloomberg Transcripts)

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HALISTER1: DBRS PPP Fact Sheet

DBRS PPP Fact Sheet

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Source: DBR (Dominion Bond Rating Service)

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0606688D CN (407 East Development Group General Partnership)
1513Z CN (407 International Inc)
0533779D CN (Acces Recherche Montreal SEC)
0533780D CN (CSS FSCC Partnership)
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HALISTER1: Veridian Corporation - DBRS Rating Report

Veridian Corporation - DBRS Rating Report

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Source: DBR (Dominion Bond Rating Service)

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Adam Provencher (DBRS Inc)
Geos S (Ajia Partners Asset Mgmt Hk)
Tom Li (DBRS Inc)

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