Moody’s Visit Puts Brazil on Edge

A visit to Brazil by officials from Moody’s Investors Service raised the specter of a credit-rating cut for Latin America’s largest economy, sending stocks and the currency lower.

Brazil is rated two levels above high-yield junk with a negative outlook by both Fitch Ratings and Moody’s. Standard & Poor’s cut the country’s rating to the cusp of junk in March, with a stable outlook.

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