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BRAZIL: Ibovespa Closes Steady Even After Rating Downgrade By S&P

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, 01-15-2018 at 11:16 AM (753 Views)
      
   
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Ibovespa, the benchmark stock market index in Brazil, closed slightly lower (-0.02%) Friday at 79,349.12 points, even after S&P downgraded Brazil's credit rating from BB to BB-. The losses were limited by bets from some investors that the Brazilian Congress could pass the pension reform next month.

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