First Standard and Poor’s, then Fitch’s, now Moody’s; worse yet,
“If Brazil were to carry out economic reforms starting today, and if we had a better political scenario, I’d say it would take 10 to 15 years to return to investment grade,” said Banco Fibra’s Mr. Oliveira. “It will be a long journey.”
And, Exports from China to Brazil collapse as recession deepens – a mind-boggling 60% drop from a year earlier, due to the weak real.
