Titoli di Stato paesi-emergenti Obbligazioni Brasile e Petrobras (3 lettori)

waltermasoni

Caribbean Trader

Brazil Outlook Revised To Positive On Prospects For Sustained Fiscal Improvements; 'BB-/B' Ratings Affirmed

  • 11-Dec-2019 16:58 EST
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Overview
  • The government continues to implement fiscal consolidation measures aimed at reducing Brazil's still large fiscal deficit.
  • This, along with lower interest rates and gradual implementation of the reform agenda, should contribute to somewhat stronger growth and investment prospects over the next three years, as well as a gradual improvement in fiscal outcomes.
  • We are revising our outlook on Brazil to positive from stable and affirming our 'BB-' long-term and 'B' short-term sovereign credit ratings.
  • The positive outlook reflects prospects for an upgrade in the next two years if further progress--be it prioritization, passage, or execution--on the government's broad fiscal and growth agenda allows for a more rapid reduction in Brazil's fiscal deficits and a stabilization of debt dynamics.
 

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Brazil's Congress late on Tuesday approved the federal government's budget for next year, based on projected economic growth of 2.32%, with the bill passing to President Jair Bolsonaro for final approval. RTRS
 

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BRASILIA--Brazil's current-account deficit narrowed in November to $2.2 billion, compared to the $7.9 billion deficit reported in October, as Brazilians spent less on international travel, the central bank said Friday.
The 12-month current-account deficit was $51.2 billion through November, or 2.78% of gross domestic product, compared to a revised $52.1 billion, or 2.83% of GDP through the month before. RTRS
 

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Brazilian corruption-ensnared conglomerate Odebrecht SA has postponed a creditors' vote on its debt restructuring plan to Jan. 29, an Odebrecht representative said. RTRS
 

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S&P Global Ratings could boost Brazil's sovereign rating if a cut in its deficit as a percentage of GDP is confirmed, according to an interview published on Thursday with the credit firm's lead analyst for the country. RTRS
 

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BRASILIA--Brazil's unemployment rate fell to its lowest level so far this year in the three months through November as the number of employed Brazilians rose to a new record.
The jobless rate declined to 11.2% in the three months through November, compared with 11.6% in the same period a year earlier and also 11.6% in the three months through October, the Brazilian Institute of Geography and Statistics, or IBGE, said Friday. RTRS
 

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