Fitch cuts Brazil rating, says investment grade at risk
SAO PAULO Oct 15 (Reuters) - Fitch Ratings on Thursday cut Brazil's credit rating to the brink of junk, warning the country could soon lose its coveted investment grade rating as government finances deteriorate amid a prolonged recession.
Fitch cut Brazil's rating to BBB-minus from BBB. It left a negative outlook on the new rating, suggesting another downgrade is possible over the next year or so. (Reporting by Walter Brandimarte; Editing by Chizu Nomiyama)
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