GET INVOLVED News of the week 31/03/14

S&P downgrades Brazil

Not junk, not great

Mar 25th 2014, 14:39 by J.P. | SÃO PAULO

DILMA ROUSSEFF may say she is committed to monetary and fiscal orthodoxy but few are convinced. Standard & Poor’s (S&P), for one, isn’t buying the Brazilian president’s attempts to shake off her anti-market vibe. On March 24th the agency cut Brazil’s credit rating. Debt denominated in local currency, the real, and foreign-currency bonds both fell by a notch, to BBB+ and BBB-, respectively.

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Discussion:

1) Do you agree with the downgrade? Why?

2) Do you agree with the opinions stated in the artcle? Why