Fitch Publishes Top Five Questions on Brazilian Subnationals

SAO PAULO--()--Link to Fitch Ratings' Report: What Investors Want to Know: Brazilian Subnationals (Subdued Development, Increasing Vulnerability)

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=877977

Fitch Ratings has published a special report discussing the most frequent investor questions regarding Brazilian subnationals. Topics include a comparison of Brazilian subnationals and the federal government, key metrics to evaluate Brazilian states and municipalities, and the role the Federal government plays as lender to subnationals.

Among these questions, Fitch is also including comments on the priority of debt service over suppliers under an environment of rising payment delays and how these challenges relate with the possible default of Brazilian states.

Additional information is available on www.fitchratings.com

Related Research:

--Fitch Downgrades Seven Brazilian Subnationals; Outlooks Negative (December 2015)

--Fitch: Brazil and Colombia Locals Face Similar Trials in 2016 (January 2016)

--Fitch: Structural Features, Economy Negative for Brazil's PPPs (January 2016)

Related Research

Local and Regional Governments: Impact on Ratings of Sovereign Caps and Floors

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=866243

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Contacts

Fitch Ratings
Paulo Fugulin
+55 11 4504-2206
paulo.fugulin@fitchratings.com
Fitch Ratings Sao Paulo
Alameda Santos, 700, 7th floor
Sao Paulo, SP, Brazil
or
Humberto Panti
+52 81 8399-9152
Humberto.panti@fitchratings.com
or
Media Relations:
Elizabeth Fogerty, +1-212-908-0526
elizabeth.fogerty@fitchratings.com

Contacts

Fitch Ratings
Paulo Fugulin
+55 11 4504-2206
paulo.fugulin@fitchratings.com
Fitch Ratings Sao Paulo
Alameda Santos, 700, 7th floor
Sao Paulo, SP, Brazil
or
Humberto Panti
+52 81 8399-9152
Humberto.panti@fitchratings.com
or
Media Relations:
Elizabeth Fogerty, +1-212-908-0526
elizabeth.fogerty@fitchratings.com