Fitch Downgrades Brazil

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Fitch Downgrades Brazil

Rio de Janeiro, Brazil, 16th December 2015: The risk rating agency Fitch downgraded the level of Brazil's investment to speculative level. Devaluation of the real, political crisis, unemployment and corruption scandals that reach the government of Dilma Rousseff contributed to the downgrade. The "Carteira de Trabalho" (Working Papers) is the official document for the registration of employees. Every Brazilian worker has one for the registration of their professional activity, jobs, layoffs and other employment records. (Photo by Luiz Souza/NurPhoto)


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