Brazil bids to dodge Latin bullet via record Samurai

July 27, 2001 12:00 am

Brazil hopes to pull off the biggest ever Samurai issue for an emerging markets borrower and one of the largest for an issuer of any kind in the Japanese market when it launches its ¥180bn two year deal next week, despite Moody’s cutting Argentina’s rating from B3 to Caa1 late yesterday (Thursday).

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