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To: Cynic 2005 who wrote (10176)	12/4/1997 5:15:00 PM
From: tekgk	Respond to of 18056

Brazil problems - the Asian flue has now spread to South America and Eastern Europe. Who is next? LONDON, Dec 4 ( Reuters ) - Brazil faces serious difficulties that have begun to threaten its economic stability as confidence in its anti-inflation programme ebbs, Moody's Investors Service said on Thursday. While the ceiling on Brazil's sovereign ratings was not yet compromised, the New York-based credit rating agency said further pressure on the real was likely. "Among the most serious difficulties are its overvalued currency, its huge current account deficit, the delays in implementing vital adjustments and structural reform policies," Moody's said in a report.