The chances of a near-term de-escalation between the U.S. and Brazil are low, Morningstar analysts said, adding the bilateral relationship is likely to deteriorate further.

Landmark case against former president has set Brazil on edge, with fears of violent protests against a guilty verdict.

Sentence comes shortly after a majority of justices voted to convict the former Brazilian leader on five charges.

The chances of a near-term de-escalation between the U.S. and Brazil are low, Morningstar analysts said, adding the bilateral relationship is likely to deteriorate further.

US President Donald Trump has slammed former president’s trial for attempted coup as a ‘witch-hunt’.

Four out of five justices of Brazil's Supreme Federal Court found the former far-right president guilty. While progressive Brazilians are delighted by the verdict, some of his…