SAO PAULO--(BUSINESS WIRE)--Link to Fitch Ratings' Report: What Investors Want to Know: Brazilian Subnationals (Subdued Development, Increasing Vulnerability)
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
--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)
Local and Regional Governments: Impact on Ratings of Sovereign Caps and Floors