Brazil’s stocks fell the most among major global benchmarks on concern the country may be cut to junk by a second credit-rating company because of government plans to loosen its fiscal policy.
Finance Minister Joaquim Levy and President Dilma Rousseff have already agreed that he will leave the government after the president decided to reduce the target for a budget surplus before interest payments in 2016, Valor Economico columnist Claudia Safatle wrote in the newspaper. Moody’s Investors Service has said it may cut Brazil to junk, following a similar decision by Standard and Poor’s in September.
Brazil Energy Insight 
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