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S&P cuts Brazil credit rating in blow to Rousseff

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posted on Mar, 26 2014 @ 12:01 AM
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
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
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

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