Moody's could cut Brazil rating outlook if economy disappoints
SAO PAULO Jan 6 (Reuters) - Moody's Investors Service could cut Brazil's rating outlook later this year if economic growth disappoints in the first half of 2014, the firm's senior credit analyst, Mauro Leos, told Reuters on Monday.
If the Brazilian economy performs as expected, however, Moody's will wait for the policies of an incoming government that will be elected later this year to decide on the future of the country's rating, which at "Baa2" stands only two notches into investment grade.
Moody's base scenario for Brazil in 2014 includes gross domestic product growth of 2 percent and a primary budget surplus of 2 percent as well.
- Exclusive: Radar data suggests missing Malaysia plane deliberately flown way off course - sources
- Investigators focus on foul play behind missing plane: sources |
- Kremlin website hit by 'powerful' cyber attack
- West prepares sanctions as Russia presses on with Crimea takeover |
- UPDATE 1-Rolls-Royce concurs with Malaysia on missing jet's engine data