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nchmarks and the real tumbled after Petroleo Brasileiro SA's rating was cut to the precipice of junk. The Ibovespa slid 1.8 percent to 46,907.68 in Sao Paulo, extending its monthly drop to 6.2 percent. The real lost 2.9 percent to 2.6829 per dollar, the biggest decline among 31 major currencies tracked
.1 billion reais ($22.4 billion). The median forecast of analysts surveyed by Bloomberg called for a shortfall of 30 billion reais. S&P Downgrade Standard & Poor's cited an economic slowdown and deteriorating fiscal accounts when it cut Brazil's credit rating in March to one level above junk. "Since Petrobras
essment of Brazil's creditworthiness has deteriorated significantly," Camila Abdelmalack, an economist at CM Capital Markets, said by telephone from Sao Paulo. "The scenario keeps getting increasingly bleak from both the political and economic standpoints." The cost of protecting Brazil's bonds against non
ady a junk-rated country. The South American nation mired in recession and scandal -- is now riskier than nine countries with speculative grades by Standard & Poor's, including Turkey, Vietnam and Cyprus, according to trading in credit-default swaps. Bond investors are relegating Brazil to junk as the biggest co
essment of Brazil's creditworthiness has deteriorated significantly," Camila Abdclmalack, an economist at CM Capital Markets, said by telephone from Sao Paulo. "The scenario keeps getting increasingly bleak from both the political and economic standpoints." The cost of protecting Brazil's bonds against no
a junk-rated country. The South American nation -- mired in recession and scandal -- is now riskier than nine countries with speculative grades by Standard & Poor's, including Turkey, Vietnam and Cyprus, according to trading in credit-default swaps. Bond investors arc relegating Brazil to junk as the biggest co
TOP<GO> Top Latin American News: TOPL <GO> --With assistance from Julia Leite in New York. To contact the reporters on this sto Filipe Pacheco in Sao Paulo at Sabrina Valle in Rio de Janeiro at To contact the editors res nsible for this story: Brendan Walsh at or Lester Pimentel, Bradley Keoun This
n 20 people as part of an investigation into whether company executives demanded bribes from builders in exchange for contracts. Fitch Ratings and Standard & Poor's rate the company at their lowest investment EFTA_R1_01418464 EFTA02391957 grades, and internal deliberations on corruption-related writedowns ha
essment of Brazil's creditworthiness has deteriorated significantly," Camila Abdelmalack, an economist at CM Capital Markets, said by telephone from Sao Paulo. "The scenario keeps getting increasingly bleak from both the political and economic standpoints." The cost of protecting Brazil's bonds against no
dy a junk-rated country. The South American nation — mired in recession and scandal — is now riskier than nine countries with speculative grades by Standard & Poor's, including Turkey, Vietnam and Cyprus, according to trading in credit-default swaps. Bond investors are relegating Brazil to junk as the biggest co
Entities connected to both Sao Paulo and Standard & Poor's

Jeffrey Epstein
PERSON
Moody's
ORGANIZATION
Deutsche Bank
ORGANIZATIONMaria Farmer
PERSON
Bloomberg L.P.
ORGANIZATION
Prince Charles
PERSON
Prince Andrew
PERSON
Ghislaine Maxwell
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New York
LOCATION
Donald Trump
PERSONMoody's Investors Service
ORGANIZATION
Newark
LOCATION
Alan Dershowitz
PERSON
United States
LOCATION
Virginia Giuffre
PERSON
Martha Stewart
PERSON
George W. Bush
PERSONAce Greenberg
PERSON
John F. Kennedy
PERSONCourtney Wild
PERSON