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.