BlackRock president says China-related selloff has been exaggerated
CAMPOS DO JORDAO, Brazil Aug 28 (Reuters) - BlackRock president Rob Kapito said on Friday that a recent global markets correction triggered by concerns over the Chinese economy has been "exaggerated."
Speaking at an event organized by Brazil's BM&FBovespa exchange, Kapito added that Latin America's largest economy needs to do all it can to avoid losing its investment-grade credit rating. (Reporting by Aluisio Alves; Writing by Walter Brandimarte)
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