Brazil is now second only to the United States in the list, which has 15 potential fallen angels, compared to 13 in Brazil. "7 issuers have become fallen angels since their ratings were affected by the negative placement from the perspective of sove loan credit insurance reign note, 4 of these issuers are banks, and the others are spread across different sectors," says S & P's report released last Friday.
Potential fallen angels are debt issuers with rating BBB-, the last in the range of degree of agency investment, which have negative outlook - that is, run the risk of being downgraded to speculative grade. The S & P changed the bias of BBB- from Brazil to negative last July 28.
The seven companies that have beco loan credit insurance me fallen angels following the worsening outlook of Brazil's note are: Braskem, Bradesco, Brazil Bank, National Bank for Economic and Social Development (BNDES), Santander Brazil, Samarco (Valepar) and Eletrobras.
Yet in the list Odebrecht, Banco Safra, Klabin, Petrobras and Neoenergia, but in these cases by particular issues these companies. Odebrecht, for example, because of the corruption investigations which is targeted and Petrobras because of the difficulty to finance its business plan and increase their production.
Written by Sergio
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