UPDATE 1-Fitch warns of possible Brazil downgrade as economy falters

April 9, 2015 4:09 PM

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RIO DE JANEIRO, April 9 (Reuters) - Fitch Ratings on Thursday warned it may cut Brazil's credit rating in the next couple of years if the economy deteriorates further while President Dilma Rousseff's tries to correct macroeconomic imbalances during her second term in office.

Fitch revised the outlook on Brazil's BBB credit rating to negative from stable, a widely-anticipated move that put it in line with competing ratings firm Moody's Investors Service. So far, only Standard & Poor's has downgraded the country to BBB-minus, the edge of speculative territory.

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