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Brazilian Bonds Downgraded Again as Crisis Deepens

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Fitch Ratings downgraded Brazil's government bonds to junk on Wednesday, citing rising concerns about an economic and political crisis that threatens to push President Dilma Rousseff from office and scuttle efforts to close a gaping fiscal deficit. Fitch downgraded Brazil to BB+ with a negative outlook less than 24 hours after the left-leaning Rousseff moved to loosen next year's budget targets. That undercut her orthodox finance minister, who staked his reputation on an austerity...

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