Brazil: outstanding loans go down, default go up in July

The amount of outstanding loans in Brazil fell 0.2% in July from the previous month to R$ 3.290 trillion, representing some 46.9% of gross domestic product, the central bank said.

Loan defaults edged up to 4.0% from 3.8% in June, while lending spreads widened to 31.6 percentage points from 31.5 percentage points the month before, the central bank said.

Original Story: Reuters | Auhtor: Marcela Ayres 
Photo: Photo by Cesar Fermino from Free Images
Edition: Prime Yield