Fitch revises Brazilian issuers view to negative

Fitch Ratings said it affirmed and revised the outlook to negative from stable on the SBM Baleia Azul Sarl and MV24 Capital BV transactions.

This outlook revision follows that on the sovereign and Petrobras to negative from stable.

“The rating outlook revision to negative for these issuers results from their exposure and direct linkage to Petrobras’ credit quality and Brazil’s country ceiling,” Fitch said in a press release.

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