75 percent of Brazilian companies in risk of negative outlookStaff 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.
Brazil According to the daily O Estado de Sao Paulo:
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. ■