Brazil stocks extend losses, drop 2 pct on S&P warning

SAO PAULO, June 7 Fri Jun 7, 2013 2:14pm EDT

SAO PAULO, June 7 (Reuters) - Brazil's benchmark Bovespa stock index fell 2 percent on Friday after Standard & Poor's warned investors on the country's deteriorating fiscal fundamentals and slow economic growth.

At 15:06 p.m. (1206 GMT), the Bovespa was down 2.11 percent to 51,769.44.

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