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Moody's revises Brazil outlook to stable, citing reform prospects

Reuters  |  BRASILIA 

BRASILIA (Reuters) - Ratings agency Moody's Investors Service on Monday revised the outlook for Brazil's sovereign rating from negative to stable, in a vote of confidence that the winner of this year's elections will deliver an unpopular agenda of cuts to government spending.In a statement, Moody's analysts said faster-than-expected economic growth is also likely to support austerity efforts, which have failed to bring the government's debt metrics to levels consistent with similar-rated peers."Moody's expects the incoming administration to resume efforts to approve further reforms that will ...

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First Published: Tue, April 10 2018. 02:57 IST