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Fitch upgrades corporates on sovereign change

Bnamericas
Credit ratings agency Fitch Ratings has upgraded the long-term foreign currency rating of several Brazilian corporates to B+ from B following a sovereign upgrade, Fitch said in a statement Thursday. Fitch revised the outlook on the foreign currency rating of the affected companies to stable from positive. Energy sector companies included in the upgrade are Companhia Petrolifera Marlim, federal energy company Petrobras and petrochemicals company Trikem.

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