Ratings Agency Downgrades Brazil
February 27, 2018 at 11:25 AM EST
The iShares MSCI Brazil Capped ETF (NYSEArca: EWZ), the largest exchange traded fund tracking Brazilian equities, traded slightly higher Monday and is up more than 16% year-to-date even after a ratings agency lowered its rating on Brazil’s sovereign debt. Brazil is undergoing massive reforms,...