Fitch Says Risk of Downgrades Spreading Among Developing Nations

  • Brazil, South Africa top list on slowing growth, Fitch says
  • Saudi Arabia, Gulf nations must cut budgets to preserve rating

Job seekers wait in line at an employment fair in Rio de Janeiro, Brazil.

Photographer: Dado Galdieri/Bloomberg

Brazil and South Africa top a list of emerging-market borrowers whose credit ratings are threatened by slowing growth and ballooning budget deficits, according to Fitch Ratings.

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