The supply of corporate credit is falling in Brazil.
According to the Central Bank, free interest loans (agreed upon between the parties) to companies fell 8.6% in the month of February.
Goldman Sachs believes that this scenario will continue to worsen throughout the year.
"We expect credit conditions to tighten in the coming months due to high consumer debt levels, high rates, the prospect of slowing real activity, and the recent emergence of several corporate credit distressed situations," a report from the bank said.
The reduction in corporate credit in Brazil has caused some companies to take on higher . . .
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