Standard & Poor's decision to demote Brazil's debt to junk status on Sept. 9 hit the country's political class right where it should have -- square in the gut.
CARACAS, Venezuela – Venezuela's credit rating was cut by the third ratings agency in three months, as Fitch Ratings said accelerating inflation and weakening growth had fueled a wave of street protests.
BRASÍLIA – Brazil must convince markets that it can grow its economy while also slash spending and curtail inflation, analysts said after the country's credit rating sunk to near junk status.
