Brazil run-off likely to be a close race, says Moody's
Reuters
Published Oct 03, 2022 02:31PM ET
(Reuters) - Moody's (NYSE:MCO) rating agency said on Monday that the results of Brazil's election on Sunday indicate a tight race in the run-off between President Jair Bolsonaro and former President Luiz Inacio Lula da Silva scheduled for October 30.
"The results of the first round of the presidential elections in Brazil suggest a close race in the second round. They also made it clear that the next administration will continue to deal with a Congress that is too fragmented to advance a reform agenda," said Samar Maziad, senior analyst at Moody's Investors Service.
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Written By: Reuters
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