STXNEWS LATAM-Brazil corporate delinquencies rise in February -Serasa

Fri Mar 28, 2014 7:42am EDT

Corporate delinquencies in Brazil, from defaults on bank loans to unpaid utility bills, increased 7.6 percent in February from a year before, credit research company Serasa Experian said on Friday.

The rise, mainly due to higher interest rates and weak economic growth, signals Brazilian companies have had more difficulty this year paying their debts, Serasa said.

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