Brazil’s biggest corporations, already reeling from a growing political crisis and the worst recession in a century, face a new threat: International banks have either stopped lending to them entirely or are demanding dollar-denominated collateral, people with direct knowledge of the matter said.
Not a single syndicated loan has been made to a Brazilian company this year, compared with $12 billion in 2015, and none of the nation’s banks or corporations have sold bonds without dollar guarantees since July, data compiled by Bloomberg show. More creditors decided to shun Brazil in the past 60 days after the nation lost its last investment-grade rating in February, the people said, asking not to be identified discussing private financing negotiations.
Brazil Energy Insight 
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