Moody's Joins Fitch Saying Brazil Budget Shift Shows Challenges

  • Government now expects 2016 deficit before interest payments
  • Finance was a main factor in August downgrade, Moody's says

Brazil’s projected budget deficit in 2016 reflects the challenge the nation faces in shoring up fiscal accounts, according to Moody’s Investors Service and Fitch Ratings.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.