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Moody’s Announce Another Review of Brazil’s Credit Rating

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Stacking more pressure on Brazil’s already ailing economy, Moody’s Rating Agency announced Wednesday it was putting the country’s Baa3 rating on review for a downgrade, with the possibility of it being cut to junk status in the near future.

According to the Agency the turbulent political moment faced by the Rousseff Administration along with ‘rapidly deteriorating economy and worsening governability’ has increased fears of . . .

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