Brazil's Shrinking Investment-Grade Club Set to Dwindle Further
- Brazilian corporates downgraded more than 200 times in 2015
- Six investment-grade companies have two negative outlooks
What's Ahead for Brazil in 2016?
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Brazil’s dwindling number of investment-grade companies is poised to shrink again in 2016.
After two downgrades to junk for sovereign debt and more than 200 corporate rating cuts in 2015, Latin America’s largest economy is now home to just 14 investment-grade companies. Six of those at the lowest investment grade have negative outlooks on their ratings, signaling the ranks of non-junk borrowers may soon shrivel to single digits.