S&P Global Ratings could boost Brazil's sovereign rating if a cut in its de...
BRASILIA - S&P Global Ratings could boost Brazil’s sovereign rating if a cut in its deficit as a percentage of GDP is confirmed, according to an interview published on Thursday with the credit firm’s lead analyst for the country.
Brazil’s public sector deficit shrank to 1.27% of GDP in the 12 months to October, its lowest in a year. Congressional approval of an overhaul to the pension system sent a good sign to investors, but further reforms are still needed, she said.
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