Brazil Daily

Moody’s threatens to downgrade Brazil

Today, we talk about how Jair Bolsonaro struggles to fit social policies within the federal budget — and Brazil could have its debt rating downgraded. Meat kings JBS add to their list of scandals. Bolsonaro ally caught short during Federal Police corruption operation.

Bolsonaro torn between fiscal cap and need for social policies

Samar Maziad, a vice president and senior analyst for Brazil at ratings agency Moody’s, said on Wednesday that Brazil’s sovereign debt could be downgraded further into junk territory unless the government managed to advance its agenda of reforms this year or, at the latest, early in 2021....

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