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Published on Wednesday, February 25, 2015

Moody’s cuts the rating of Petrobras two levels below investment grade

New taxes and tariffs print pressures in Brazil’s inflation, which stood at 7.4% in annual terms, the highest figure since the beginning of 2003. In Mexico headline inflation remained stable at 3% and supports our view that it will stay close to the midpoint of the central bank’s target rate throughout the year.

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