S&P downgrades Brazil's sovereign bonds

Source: Xinhua| 2018-01-12 09:39:03|Editor: Shi Yinglun
Video PlayerClose

RIO DE JANEIRO, Jan. 11 (Xinhua) -- American financial services company Standard & Poor's (S&P) announced their decision on Thursday to downgrade Brazil's long-term foreign and local currency sovereign bonds from BB to BB-.

With the decision, Brazil's bonds are now three levels below investment grade, down to the same ratings as in 2004, before S&P granted Brazil an investment grade from 2008 to 2015.

In their statement, S&P attributed the downgrade decision to Brazil's delay in taking fiscal measures to help with balancing accounts and improving the fiscal situation.

"Despite various policy advances by the Temer Administration, Brazil has made slower-than-expected progress in putting in place meaningful legislation to correct structural fiscal slippage and rising debt levels on a timely basis," S&P stated in their communique.

According to S&P, there is a "less than one-in-three likelihood" that they could change Brazil's ratings over the coming year.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001368900431
国产无码在线观看免费在线,37pao国产成视频,日韩一区二区视频在线,国产国产人免费人成免费视频麻豆
亚洲ⅴa制服丝袜一区二区 亚洲午夜片手机在线播放 无碼国产精品一区 | 亚洲性爱国产性爱 | 亚洲变态在线播放 | 日本免费高清欧美 | 中文字幕永久在线网站 | 日韩欧美国产另类一区二区 |