It looks like you're using an Ad Blocker.

Please white-list or disable AboveTopSecret.com in your ad-blocking tool.

Thank you.

 

Some features of ATS will be disabled while you continue to use an ad-blocker.

 

S&P cuts Brazil credit rating in blow to Rousseff

page: 1
2

log in

join
share:

posted on Mar, 26 2014 @ 12:01 AM
link   
Standard & Poor's has cut the financial rating of Brazil.

They are now at BBB- because of bad fiscal polices among other reasons.

Brazil has a Socialist/Worker's Party President.

Brazil is part of BRICS.

Wonder how the Russia/Ukraine arena has affected S&P's "decision".




BRASILIA (Reuters) - Standard & Poor's cut Brazil's sovereign debt rating closer to speculative territory on Monday in a blow to President Dilma Rousseff, whose efforts to stir the economy from a years-long slump have eroded the country's finances.

Brazil had its long-term debt rating downgraded to BBB minus, the agency's lowest investment-grade rating. S&P changed its outlook to stable from negative, meaning further downgrades are unlikely for now, which will come as a relief for both politicians in Brasilia and financial markets.

The move was widely expected but the timing surprised some investors.





S&P cuts Brazil credit rating in blow to Rousseff


Is Brazil part of the global banker corruption complex?







posted on Mar, 26 2014 @ 12:13 AM
link   
reply to post by xuenchen
 


Standard & Poor's is the same group of brainiacs who gave a AAA rating to those subprime mortgage funds right before they imploded in the last crash. While I'm sure Brazil has issues S&P aren't the folks I'd trust to give an honest opinion.

Wonder if there's anything political behind this?



posted on Mar, 26 2014 @ 12:50 AM
link   
Let this be a warning to any nation, who wins a international sports event.You lose!
Russia ,Winter Olympics- Check
Brasil, 2014 Soccer Cup- Check
B.R.I.C.S hmmmm



new topics
 
2

log in

join