Rousseff says Brazil can avoid credit downgrade

President Dilma Rousseff said on Tuesday that Brazil can recover economically and avoid a credit ratings downgrade in her second term.

Brasilia: President Dilma Rousseff said on Tuesday that Brazil can recover economically and avoid a credit ratings downgrade in her second term.

In an interview with the Bandeirantes television network two days after she was re-elected by a narrow margin, Rousseff said

Brazil can avoid a downgrade. She did not detail policy changes that she plans to make.

Two months ago Moody`s Investors Service threatened to downgrade Brazil if the country`s next administration did not tighten fiscal policy and economic growth remained slow.

 

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