RIO DE JANEIRO, April 10 (Reuters) – Fitch Ratings on
Thursday said it expects Brazil’s next government to support the
country’s credit rating by making policy adjustments to improve
its fiscal performance and boost investor confidence.
In a conference call with investors, Fitch analyst Shelly
Shetty said low growth rates and a deterioration in fiscal
accounts are the firm’s main concern about Brazil, which remains
rated at BBB with a stable outlook.
COSTA DO SAUIPE, Brazil, March 31 (Reuters) – Leading Latin
American economies such as Mexico and Brazil are poised to
receive short-term capital flows from investors fleeing Russia
due to fear of geopolitical instability and an economic
recession there, analysts said.
Such inflows are not expected to be strong enough to have a
lasting impact on the countries’ exchange rates but have already
caused market buzz and became a topic of discussion during this
weekend’s annual meeting of the Inter-American Development Bank
in a resort near the Brazilian city of Salvador.
COSTA DO SAUIPE, Brazil, March 30 (Reuters) – Fitch Ratings
will conclude its annual review of Brazil’s credit rating by
July, when it will decide whether to revise the country’s rating
outlook to negative, which would be the first step toward a
The review is part of a regular process that Fitch is
required by law to complete every year, company analyst Shelly
Shetty said. She stressed that there are no preconceived ideas
about what the decision is going to be but acknowledged that
Brazil is not on a positive path.
COSTA DO SAUIPE, Brazil, March 30 (Reuters) – Uruguay and
Peru are the first Latin American countries in line for a
possible credit rating hike by Moody’s Investors Service, at a
moment when sovereign upgrades are expected to become more
scarce in the region, a senior analyst with the ratings firm
Moody’s currently has positive credit outlooks for four
Latin American countries: Uruguay, Peru, Colombia and Jamaica.
After assigning a positive or a negative outlook on a rating,
the firm aims to make a decision on whether to adjust it within
COSTA DO SAUIPE, Brazil, March 28 (Reuters) – Brazil is
looking at the euro zone and Japan to open new financing options
for companies that are expected to invest in the country’s
infrastructure sector, Treasury undersecretary Paulo Valle said
After returning to the euro capital market this week
following a six-year hiatus, the Treasury may sell
yen-denominated bonds in the next few months to start building a
yield curve there, he said.
RIO DE JANEIRO (Reuters) – Latin American stocks dropped on Friday before a weekend referendum in Ukraine’s Crimea, with investors fearing increased tensions between the West and Russia that could result in economic sanctions against Moscow and possibly a war in the region.
The heightened geopolitical frictions have hit financial markets across the globe, sending MSCI’s benchmark stock index for emerging markets 0.6 percent lower. Russian stock indexes on Friday fell to their lowest levels since 2009 before clawing back some ground.
RIO DE JANEIRO (Reuters) – Latin American stocks and currencies trimmed losses on Friday, with the Mexican peso swinging into positive territory, after data showed the United States created more jobs in February than forecast, easing fears of a slowdown in the world’s largest economy.
Benchmark stock indexes for the region, including Brazil’s Bovespa index and Chile’s IPSA, erased all of their losses and traded slightly higher after the U.S. Labor Department said employers added 175,000 jobs to their payrolls last month.
RIO DE JANEIRO/LONDON, Feb 28 (Reuters) – Ukraine’s hryvnia
jumped as much as 10 percent on Friday on hopes of a loan from
the International Monetary Fund, while the Brazilian real slid
0.5 percent after the latest budget data poured cold water on
hopes that the country would halt a deterioration in its fiscal
Russia’s rouble gained slightly but stayed near five-year
lows to the dollar on Friday, pressured by fears about
instability in neighboring Crimea.
RIO DE JANEIRO/LONDON, Feb 27 (Reuters) – Geopolitical
tensions drove Russia’s rouble to five-year lows against the
dollar while pushing Ukraine’s hryvnia 9 percent lower, but
Brazilian markets were supported by data showing the economy
grew far more than expected at the end of 2013.
Russia’s defiant response to the political turmoil in
neighboring Ukraine spooked investors in Europe and Asia, with
Moscow quoted as saying fighter jets along Russia’s western
borders had been put on combat alert.
RIO DE JANEIRO, Feb 26 (Reuters) – Brazil could become
self-sufficient in gasoline, diesel and other fuels by 2020 if
state-run oil company Petrobras is allowed to bring domestic
fuel prices in line with world prices that will help fund new
refineries, company executives said on Wednesday.
Petroleo Brasileiro, as the company is formally
known, expects refining capacity to rise 50 percent to 3 million
barrels per day (bpd) by 2020 and nearly a third more to 3.9
million bpd by 2030, helping eliminate a growing dependence on
U.S. and Indian refineries, according to planning documents
released late Tuesday.