18 de febrero de 2016 / 15:47 / hace un año

REFILE-S&P says policy volatility justifies negative outlook for Brazil

(Corrects date in first paragraph)

BRASILIA, Feb 18 (Reuters) - Political uncertainties underpin the risk of policy reversals in Brazil, clouding the economic scenario and justifying the negative outlook of the country's rating after a downgrade on Wednesday, Standard & Poor's said on Thursday.

S&P director Lisa Schineller said in a press conference that Brazil's overall budget deficit is likely to remain high as impeachment proceedings against President Dilma Rousseff delay needed policy measures.

S&P downgraded Brazil's credit rating deeper into junk territory to BB from BB+ with a negative outlook, just five months after becoming the first agency to strip the country of its coveted investment grade. (Reporting by Silvio Cascione)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below