Moody’s: Lula Appointment Could Spell End of Fiscal Adjustment in Brazil
Moody’s: Lula Appointment Could Spell End of Fiscal Adjustment in Brazil
AQ's editor-in-chief talks with the ratings agency's chief analyst for Brazil on what the country's fast-moving crisis will mean for its economy.
Brazil’s political crisis is moving at such intense speed that it’s hard for even dedicated analysts to keep up. AQ’s editor-in-chief spoke on Tuesday with Moody’s ratings agency’s chief analyst for Brazil, Samar Maziad, about how the changes in Brasilia are affecting the economy. At the time, there were rumors that former President Luiz Inácio Lula da Silva might accept a key position within the government. Such speculation was confirmed on Wednesday.
Moody’s downgraded Brazil’s...
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