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Brazils debt crisis hits the private sector

Brazils debt crisis has hit the private sector. Brazilian companies are now so seriously indebted with their revenue falling, because of a serious economic recession, that some might call a depression, that they have lost the ability to honor their commitments. Almost half (49%) of the larger companies in the country have cash generation that is not even enough to pay their interest debts which is a serious scenario, explaining the large increase in defaults,  renegotiations with creditors and…
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