Failure of the companies rose almost 30% in the year, says Professionals
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The default rate of companies in Brazil accumulated increase of 29.7% from January to July, compared to the same period last year, according to data released on Monday (24) by Professionals. Comparing the months of July, the increase was slightly smaller, 26.3%.
"The increase shows that even with economic recovery starting in May, falling interest rates, the response of the internal market and the gradual return of the claim were not sufficient for companies to reverse the damage caused by the crisis," the Professionals in note.
The results, however, are lower than the high of 30.2% recorded in the accumulated period from January to May, compared to the same period last year. From June to July, there was a new high of 6.6%.
According to the Professionals, companies still face problems to finance their activities and investments and to renegotiate their debts. The company's expectation is that default firms to remain at high levels in comparison with the same periods in 2008, with the possibility of falling in the fourth quarter.
Source: G1
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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