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S&P affirms BB- sovereign credit rating for Brazil; outlook stable

RIO DE JANEIRO, BRAZIL - S&P Global risk rating agency maintained Brazil's long-term foreign currency sovereign credit rating at BB-, with a stable outlook, stressing that the country is expected to have a slow fiscal consolidation until 2024, but that economic recovery this year should help contain indebtedness.

In a report, the agency also stated that the window of opportunity for reforms will narrow as the 2022 elections approach, and that in the absence of a faster pace of structural measures approval, economic growth should remain moderate in the medium term.

S&P expects Brazil's . . .

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