Brazil and its foreign creditor banks agreed early Thursday on a reduction of that country's medium- and long-term borrowings.

The agreement, one of the most complex to date, covers about $44 billion in borrowings, up from previous estimates by bankers of $41 billion.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.