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75 percent of Brazilian companies in risk of negative outlook

Staff Writer | October 24, 2016
The Standard & Poor's (S&P) has listed around 75 percent of Brazilian companies under special scrutiny with its CreditWatch program, while 65 percent of them have a negative perspective.
Standard & Poor's
Brazil   According to the daily O Estado de Sao Paulo:
According to the daily O Estado de Sao Paulo, while S&P has given a negative outlook to most Brazilian companies, the number of downgrades has now diminished after reaching a record high earlier this year.

Brazil is the Latin American country with the most negative outlooks for S&P, followed by Colombia (63 percent of companies), Peru (18 percent) and Chile (15 companies).

If companies are put under CreditWatch, it means they are thought to be in risk of a negative outlook.

According to S&P managing director, Eduardo Uribe, Brazil is seeing an improvement in private sector trust in the national economy, which could trigger a rise in investment, but it is also facing rising unemployment and ongoing poor sales in the retail sector.