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Friday, May 27, 2022
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Brazil S&P downgrade forces a fiscal reckoning

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.

Venezuela’s credit rating cut for 3rd time in 3 months

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.

Analysts concerned after Brazil rating downgrade

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.

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