Brazil run-off likely to be a close race, says Moody’s

Add to/Remove from Watchlist

Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio


(Reuters) - Moody's (NYSE:MCO) rating agency said on Monday that the results of Brazil's election on Sunday indicate a tight race in the run-off between President Jair Bolsonaro and former President Luiz Inacio Lula da Silva scheduled for October 30.

"The results of the first round of the presidential elections in Brazil suggest a close race in the second round. They also made it clear that the next administration will continue to deal with a Congress that is too fragmented to advance a reform agenda," said Samar Maziad, senior analyst at Moody's Investors Service.

Leave a Reply

Your email address will not be published. Required fields are marked *


Upside capped at $980B total crypto market, according to derivatives metrics


Demand for riskier home loans is high as interest rates soar