Fitch cut its outlook on Brazil banks to "deteriorating" from "neutral," citing weaker asset quality and political risk, alongside Colombia and Mexico.
Brazil · Finance
Key Facts
—The move. Fitch cut its outlook for Brazil’s banking sector to “deteriorating” from “neutral.”
—The reasons. The agency cited weaker asset quality and political uncertainty.
—Not alone. Brazil and Colombia were cut together, joining Mexico, which was already “deteriorating.”
Agência cita enfraquecimento da qualidade dos ativos e incerteza política
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