HALISTER1: Fitch: Odds for Brazil Downgrade Over 12-18 Months Above 50%

Fitch: Odds for Brazil Downgrade Over 12-18 Months Above 50%

(Bloomberg) -- Fitch Managing Director in Brazil Rafael Guedes comments on negative outlook for country’s sovereign rating affirmed in Nov. 2016.
  • Guedes speaks at an event in Sao Paulo.
  • It may sound negative, but it was 1st non-negative rating action for Brazil in 18 months, Guedes says
  • While Brazil’s external accounts have improved and inflation forecasts are better anchored, Fitch analysts are waiting to see developments on the political front: Guedes
  • Fitch sees Brazilian economy growing above 2% in 2018: Guedes

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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Rafael Guedes (Fitch Inc)

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