Reuters logo
BRIEF-Fitch says political uncertainty raises Brazil banks' credit risks
May 22, 2017 / 4:55 PM / 4 months ago

BRIEF-Fitch says political uncertainty raises Brazil banks' credit risks

May 22 (Reuters) - Fitch:

* Fitch says political uncertainty raises brazil banks’ credit risks

* Fitch says increased political uncertainty triggered by recent corruption allegations involving president to further pressure operating environment for banks

* Fitch says increased political uncertainty in Brazil will also potentially raise asset quality risks over medium and long terms

* Fitch says outlook for Brazilian banking sector remains negative with weak economic environment and spillover effects on asset quality core factors weighing on outlook

* Fitch says political crisis has potential to hamper economic recovery’s pace, underscores still deeply challenging operating environment facing Brazilian banks

* Fitch, on Brazil, says corruption scandal could have particular effects for protein business and protein production chain portfolios Source text for Eikon:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below