On Tuesday, risk rating agency Fitch confirmed Brazil’s credit rating at “BB-“, with a stable outlook, but highlighted high uncertainties surrounding the elected government’s plans and their impact on economic and fiscal challenges.
“The stable outlook reflects Fitch’s expectation that growth will slow next year and that the recent fiscal improvement will worsen under the new government, but within a range consistent with the current rating and from a better baseline than previously expected.” , the agency said. .
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Source: Terra
Camila Luna is a writer at Gossipify, where she covers the latest movies and television series. With a passion for all things entertainment, Camila brings her unique perspective to her writing and offers readers an inside look at the industry. Camila is a graduate from the University of California, Los Angeles (UCLA) with a degree in English and is also a avid movie watcher.
