Fitch: Brazilian Corporates on Negative Outlook for 2017; Downgrades to Outpace Upgrades

NEW YORK–(BUSINESS WIRE)–Link to Fitch Ratings’ Report: 2017 Outlook: Brazilian Corporates (Challenges to Persist)https://www.fitchratings.com/site/re/890994 The 2017 outlook for Brazilian corporates is negative, with cash flow from operations not expected to rebound until 2018, according to a new Fitch Ratings report. Both the rating and the sector outlook are negative. “First-half 2017 results should be relatively weak as aggregate demand remains soft due to weak business activity, low capa