Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Euronext Paris  >  Fimalac    FIM   FR0000037947


Delayed Quote. Delayed  - 09/30 05:35:15 pm
102.24 EUR   +0.43%
09/20 FIMALAC : First Half 2016 consolidated income statement and balance ..
09/15F MARC DE LACHA : half-yearly earnings release
07/25 FIMALAC : Firs Half 2016 Revenue
News SummaryMost relevantAll newsSector news 

FIMALAC : Fitch Maintains 3.2% Brazil Growth Forecast, Sees Inflation Risk

share with twitter share with LinkedIn share with facebook
share via e-mail
03/28/2012 | 07:30pm CEST

Fitch Ratings on Wednesday kept its 2012 economic-growth forecast for Brazil steady at 3.2%, slightly higher than the country's actual 2011 growth of 2.7%, but it warned of inflation risks from policies aimed at stimulating the economy.

"The slight recovery is underpinned by the easing of monetary policy and macro-prudential measures that were taken previously to rein in credit growth," Fitch said in a report.

Brazil's government in recent months has reduced the country's Selic base interest rate to 9.75% from its 2011 peak of 12.5% while cutting taxes on selected consumer goods and loosening restrictions on consumer credit. The government also ordered a 14% increase in the minimum salary to 622 Brazilian reais ($342) per month.

Such policies, however, could rekindle inflation in Brazil, Fitch warned.

"Fitch expects the end-2012 inflation rate to remain above the middle point of the target range," the report said.

Brazil's government is committed to a 2012 inflation rate of 4.5%, but with a two-percentage-point tolerance, meaning that inflation could weigh in at 6.5% and still be in compliance with the country's inflation-targeting program.

Currently, inflation is running at 5.6%, down from calendar-year inflation of 6.5% in 2011 but still well above the 4.5% target.

Added Fitch: "High services inflation, backward-indexation of certain prices as well as the historically low unemployment rate prevents a faster disinflation."

Brazil's unemployment rate fell to its lowest level ever in December at 4.7%. In February, unemployment rose to 5.7% but economists said the increase was due to seasonal factors only.

Fitch said there were also some downside risks to growth in 2012. These include "an unfavorable external environment, softer growth in China, volatility in commodity prices and a possible spike in investor risk aversion."

-By Tom Murphy, Dow Jones Newswires; 55-11-3544-7090; brazil@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on FIMALAC
09/20 FIMALAC : First Half 2016 consolidated income statement and balance sheet
09/15F MARC DE LACHARRIERE FIMALAC SA : half-yearly earnings release
07/25 FIMALAC : Firs Half 2016 Revenue
07/21 FIMALAC : EU securities watchdog fines Fitch Ratings 1.38 million euros
06/15 FIMALAC : Press release following Board of Directors
05/19 FIMALAC : Share Buyback Offer is successfull
05/04 FIMALAC : 2015 Annual Report on website
04/27 FIMALAC : First Quarter 2016 Revenue
04/18 FIMALAC : New developments in the office real estate sector
04/14 FIMALAC : Share Buy Back Offer Launched at a price of 101 €
More news
Sector news : Holding Companies - NEC
09/29DJTELEFONICA : Suspends IPO of Telxius Infrastructure Unit--Update
09/29DJCK HUTCHISON : Raises US$1.25 Billion via USD Bond Sale in Two Tranches -- Term ..
09/28DJCK HUTCHISON : Selling 5-Year and 10-Year USD-Denominated Bonds -- Term Sheet
09/22 KINNEVIK : Rocket Internet trims losses, increases debt buyback
09/20DJLEUCADIA NATIONAL : Jefferies Says Brexit Impact Small, but Issuance Slows
More sector news : Holding Companies - NEC
Financials (€)
Sales 2016 141 M
EBIT 2016 -
Net income 2016 -
Debt 2016 -
Yield 2016 2,15%
P/E ratio 2016 -
P/E ratio 2017
Capi. / Sales 2016 19,0x
Capi. / Sales 2017 18,1x
Capitalization 2 673 M
More Financials
Duration : Period :
Fimalac Technical Analysis Chart | FIM | FR0000037947 | 4-Traders
Full-screen chart
Technical analysis trends FIMALAC
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus HOLD
Number of Analysts 1
Average target price -
Spread / Average Target -100%
Consensus details
Marc Ladreit de Lacharrière Chairman & Chief Executive Officer
Jean-Charles Henri Naouri Independent Director
Philippe Lagayette Senior Independent Director
Jérémie Ladreit de Lacharrière Director
Thierry Moulonguet Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
FIMALAC31.08%3 004
HAL TRUST9.49%15 940
KINNEVIK AB-17.02%7 133
LIFCO AB (PUBL)9.76%2 297
More Results