EFTA Document EFTA01386953

By Paula Sambo and Julia Leite (Bloomberg) - As far as swaps traders are concerned, Brazil is already a junk-rated country. The South American nation - mired in recession and scandal - is now riskier than nine countries with speculative grades by Standard & Poor's, including Turkey, Vietnam and Cyprus, according to trading in credit-default swaps. Bond investors are relegating Brazil to junk as the biggest contraction in 25 years and growing support for impeaching President Dilma Rousseff