18-04-2016 04:57 via news.yahoo.com

Brazil credit risk slips as lower house votes for Rousseff ouster

Brazil's perceived sovereign risk among investors fell on Sunday, with the cost of insuring Brazilian bonds for five years falling yet again in the credit-default swaps market after the country's lower house of Congress voted to back the impeachment of President Dilma Rousseff for breaching budget laws. Rousseff's opponents reached the 342-vote mark needed to send her impeachment to the Senate for trial, a major step towards potentially ending 13 years of leftist Workers Party rule in the divide
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