Brazil rating slide continues but bond buyers ignore S&P

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Brazil rating slide continues but bond buyers ignore S&P

David Luiz, Brazil
Brazil's David Luiz after the end of the Soccer World Cup 2014 1/2 Final match Brazil vs Germany at Mineiro Stadium, Belo Horizonte, Brazil on July 8, 2014. Germany won 7-1 . Photo by Henri Szwarc/ABACAPRESS.COM | Szwarc Henri/ABACA/Press Association Images

A strong performance in Brazil’s bond curve on Wednesday underlined how unsurprised bond investors were to see Latin America’s largest sovereign receive yet another rating downgrade.

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