Moody’s becomes third agency to downgrade Brazil Moody’s Investors Services on Wednesday became the third major rating agency to downgrade Brazil’s debt to junk, cutting its rating by two notches to Ba2, as the former emerging market star sinks deeper into the worst recession in decades. Moody’s said the outlook for Brazil’s issuer and bond ratings was negative due to the prospect of further deterioration in debt metrics amid a deep economic slowdown, as well as the risk of further external shocks. The Globe and Mail reports. Argentina and creditors near $5 billion deal Major creditors suing Argentina over defaulted bonds have agreed to the economic terms of an agreement to resolve the long-running litigation but need more time to […]
Daily News February 25, 2016
Previous article
Next article
Related
Newsletters
CIO Monthly October 2022: Accelerating Trust for Financial Services
Surge in dark data a growing danger for organizations
Dark...
Newsletters
U.S. unions lodge first Mexico labor grievance under new NAFTA
The AFL-CIO, the biggest U.S. labor federation, on Monday...
Newsletters
Argentina’s cashless king targets Latin America’s unbanked millions
Digital banking startup Uala will double the size of...