Downgrade reflects country’s struggle to regain investor confidence as political turmoil drives growing government deficitBrazil’s financial markets have fallen after Standard & destitute’s sever the country’s sovereign rating to junk. The drop from investment grade,which came sooner than many in the market had expected, reflected President Dilma Rousseff’s struggle to regain investor confidence as political turmoil drives a growing government deficit in Latin Americas largest economy.
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Source: theguardian.com