Industry News

Fitch Ratings downgrades Brazil's outlook to negative

Views : 522
Author : Kelly
Update time : 2020-05-11 14:04:07
Fitch Ratings lowered its outlook on Brazil’s credit rating to negative from stable.

Fitch indicated that the severe economic and financial damage had an impact on Brazil, Latin America’s largest economy, due to the COVID-19 pandemic. Brazil’s GDP was predicted to decline by 4% in 2020.

Fitch mentioned that Brazil’s economy was on course to shrink this year with risks still tilting to the downside and noted a rapidly deteriorating fiscal position and growing political risks.
Related News
Read More >>
India’s Bansal Wire Industries expends stainless steel wire capacity at Uttar Pradesh facility India’s Bansal Wire Industries expends stainless steel wire capacity at Uttar Pradesh facility
Apr .24.2025
India’s Bansal Wire Industries expends stainless steel wire capacity at Uttar Pradesh facility
China’s alumina exports surge in Mar due to domestic oversupply China’s alumina exports surge in Mar due to domestic oversupply
Apr .24.2025
China’s alumina exports surge in Mar due to domestic oversupply
Ferromolybdenum prices rise sharply in China, raising stainless steel costs Ferromolybdenum prices rise sharply in China, raising stainless steel costs
Apr .24.2025
Ferromolybdenum prices rise sharply in China, raising stainless steel costs
Fagersta Stainless upgrades with Danieli’s new stainless steel blooming mill for high-quality products Fagersta Stainless upgrades with Danieli’s new stainless steel blooming mill for high-quality products
Apr .24.2025
Fagersta Stainless upgrades with Danieli’s new stainless steel blooming mill for high-quality products