January 18, 2018 / 8:37 PM / a month ago

BRIEF-Fitch Says Tax Securitization Gives Brazil States Small Revenue Lift​

Jan 18 (Reuters) -

* FITCH SAYS TAX SECURITIZATION GIVES BRAZIL STATES SMALL REVENUE LIFT​

* FITCH SAYS POTENTIAL LEGISLATION THAT WOULD PERMIT BRAZILIAN STATES TO SECURITIZE PORTION OF COLLECTIONS OF PAST DUE TAXES WOULD LIKELY ADD MARGINALLY TO REVENUE

* FITCH SAYS EXPECT SOME BRAZILIAN STATES, INCLUDING RIO DE JANEIRO, TO USE TAX SECURITIZATION PROCEEDS TO PAY BACK WAGES, BENEFITS TO PUBLIC EMPLOYEES Source text for Eikon: (Bengaluru Newsroom: +91 806 749 1136)

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