July 14, 2022 15:52 GMT
Ratings agency Fitch revises the outlook of Brazil's BB- rating to stable from negative.
- Outlook revision reflects better-than-expected evolution of public finances amid successive shocks in recent years
- Fiscal and growth challenges persist, and October 2022 elections pose some uncertainty around how these will be addressed
- Expects broad policy continuity after elections
- Expects general government debt to fall to 78.8% of GDP in 2022 from 80.3% in 2021 and 88.6% in 2020
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