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S&P Cuts Brazil Credit Rating

An international credit rating company, Standard & Poor's, has cut Brazil's debt rating. S&P, one of the world's three main credit rating companies, downgraded the country's long-term debt rating Monday to BBB minus, the agency's lowest investment-grade rating. The company said it made the change because of Brazil's slower economic growth and what it called "mixed policy signaling by the government." It also said the government has a constrained...

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