Bond market shrugs off Brazil S&P rating relief

Michel Temer, Brazil, Petrobras, LatAm
By Oliver West
17 Aug 2017

Standard & Poor’s has removed the immediate threat of a sovereign downgrade for Brazil after saying that the political landscape is “somewhat more settled” than it was in May, but markets hardly reacted.

The agency has removed Brazil from negative credit watch, acknowledging a stabilising economy and president Michel Temer’s ability to survive votes by the Federal Electoral Court and by Congress related to corruption related charges.

Brazil’s 6% April 2026s, the most liquid bond at the 10 year ...

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