Brazil Outlook Revised To Negative; 'BBB/A-2' Foreign Currency Ratings Affirmed
Publication date: 06-Jun-2013 18:25:31 EST
Slow GDP growth and continued expansionary fiscal policy (including
off-budget measures) risk weakening Brazil's financial profile and could,
absent corrective measures, result in weaker fiscal performance and an
increase in the government's debt burden.
We are revising the outlook on our long-term ratings on Brazil to
negative from stable.
We are affirming our 'BBB/A-2' foreign currency and 'A-/A-2' local
currency sovereign credit ratings on Brazil.
We could lower the credit rating in the coming two years if continued
sluggish economic growth, weaker fiscal and external fundamentals, and
some loss in the credibility of economic policy given ambiguous policy
signals diminish Brazil's ability to manage an external shock.
NEW YORK (Standard & Poor's) June 6, 2013--Standard & Poor's Ratings Services
today said it revised the outlook on its long-term ratings on the Federative
Republic of Brazil to negative from stable...
Right on,,,, However, the sentiment on this is to buy. These steel companies are getting set up to rise big!!!! This is at or near low. I hate it too but am leveraging now. Buying what I can. This is the DOG of my port. I wish they would stop the dividend. Seems like I only get 1/2 of it anyway.