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Boa Vista SCPC: Brazil's corporate defaults decline 2.8% in Q2

Corporate defaults across Brazil decreased 2.8% in the second quarter compared to the first quarter of 2017, data from credit research firm Boa Vista SCPC shows.

The corporate default indicator dropped 1.5% over the last four quarters through June against the previous four quarters, Boa Vista said. Corporate defaults decreased 2.5% in the second quarter compared to the same period last year.

According to the research firm, company delinquency rates started to decelerate in the second quarter of 2016 as financial entities increased credit restrictions, which mitigated long-term delinquency flows.

For the upcoming quarters, the research firm expects lower default levels as the uptick in economic activity, lower inflation and lower interest rates should provide a more favorable business environment scenario.