Banco do Brasil Falls to Six-Year Low After Brazil DowngradeBy
Brazil's federally owned bank leads other lenders lower
Credit-rating downgrade is likely to increase funding costs
Banco do Brasil SA’s bonds declined and its shares sank to a six-year low, leading a drop among Brazilian banks on concern a cut in the nation’s credit rating to junk will mean higher funding costs for lenders.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.