Here's What Brazil Investors, Lawmakers Are Saying About S&P Cut

  • Currency could plunge to 3.90 per U.S. dollar: Brasil Plural
  • Government reaffirms commitment to fiscal consolidation

Brazil's Credit Rating Downgraded to Junk

Brazil had its credit rating cut to junk by Standard & Poor’s on Wednesday after the close of markets, with a negative outlook. The downgrade sent the ETF that tracks Brazilian shares plunging in late trading. Here’s what lawmakers and investors are saying:

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