Slightly weaker dollar had negligible effect on corporate debts
The dollar's 8% drop against the real in the fourth quarter was of little benefit for Brazilian companies with debts abroad. The overall debt level fell just 3.7%. Exporters experienced mainly a neutral effect as commodities prices rose in the period. Carlos Antonio Rocca, the coordinator of the Capital Markets Studies Center of Fipe, says the slightly weaker greenback was beneficial to companies even as the financial impact was small. Mr. Rocca says non-financial...
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