Moody’s Investors Service, Standard & Poor’s and Fitch Ratings have dished out 93 corporate downgrades since January 1, already more than in any full year since 2002, and they may not be done. Speculation is mounting that Moody’s — which met with officials in Brazil last week — will lower the country’s rating, a move that would trigger cuts for businesses with close ties to the government, such as state-controlled companies and banks.
Brazil Energy Insight 
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