Tuesday, May 8, 2012

Reuters: Bankruptcy News: STXNEWS LATAM-Brazil bankruptcy claims decline on lower rates-Serasa

Reuters: Bankruptcy News
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STXNEWS LATAM-Brazil bankruptcy claims decline on lower rates-Serasa
May 8th 2012, 13:07

Tue May 8, 2012 9:07am EDT

Claims for bankruptcy protection in Brazil fell to 165 in April from 173 the previous month as companies took advantage of lower interest rates to pay off debt, credit research company Serasa Experian said on Tuesday.

Claims fell among both small and large businesses, though rose among medium-sized firms, according to Serasa's Bankruptcy and Recovery Index. Serasa pointed to a likely decline in claims in the second half of the year due to a better outlook for economic growth.

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