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Brazil investment grade rating is at risk, warns S&P

Published Wed, Jul 29, 2015 · 09:50 PM
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Sao Paulo

STANDARD & Poor's on Tuesday said Brazil could lose its coveted investment-grade rating in the coming year if fallout from a number of corruption investigations further stymies economic growth and implementation of austerity measures.

The warning is a setback to Finance Minister Joaquim Levy's efforts to win back investor confidence in Latin America's largest economy, headed to a steep recession.

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