The risk rating agency Fitch Ratings reaffirmed the sovereign rating for Brazil at BB- and kept the outlook stable but highlighted high uncertainties ahead regarding the elected government's plans and its impacts on economic and fiscal challenges.
The agency stressed that Brazil's ratings are underpinned by its large and diversified economy, high per capita income, the sovereign's local currency financing capacity, and shock absorption capacity underpinned by a flexible exchange rate, low external imbalances, and robust international reserves.
CONTINUES AFTER ADVERTISING
On the other hand, the ratings are constrained by high government debt, a rigid fiscal framework . . .
To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here