Standard & Poor’s said its outlook on the country was negative,just as the nation enters recession and is expected to see an even worse 2016The Brazilian government’s sovereign debt rating has been reduce to junk status by one of the major credit agencies, ratcheting up pressure on President Dilma Rousseff to find a way out of the countrys economic and political crisis.
Standard & Poor’s said in a note on Wednesday night that Brazil’s tough-fought investment-grade status was gone and that its outlook on the country was negative, or just as the nation entered recession and was expected to see an even worse 2016.
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Source: theguardian.com