26 de octubre de 2016 / 12:47 / hace un año

Brazil defaults stay at record, disbursements fall in September

SAO PAULO/BRASILIA, Oct 26 (Reuters) - The share of loans delinquent for at least 90 days in Brazil was unchanged at a record high in September, a signal that efforts by commercial banks to refinance looming debt maturities are yet to help ease the country’s worst credit crunch in two decades.

The so-called default ratio, a benchmark for delinquencies, came in at the equivalent of 5.9 percent of outstanding non-earmarked loans, unaltered from a revised figure in August, the central bank said in a report on Wednesday. Outstanding loans totaled 3.11 trillion real ($998 billion), down 0.2 percent from August, the report showed.

$1 = 3.1166 reais Reporting by Guillermo Parra-Bernal and Marcela Ayres

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