过去国内的危机使得巴西公司金融管理保守，而且资产负债表也大部分可观。
Past domestic crises left Brazilian companies with a legacy of conservative financial management and mostly sound balance sheets.
他们缺少短期储户和大规模借款者意味着重组公司资产负债表而不会引起更大范围的金融恐惧。
Their very lack of short-term depositors and wholesale counterparties means it should be possible torestructure insurers’ balance-sheets without causing a wider financial scare.
这都源于金融公司，他们不得不筹集资本以修补他们的资产负债表，而其他市场的净发行量基本平稳。
That is all down to financial companies, which have had to raise capital to repair their balance-sheets; net issuance from the rest of the market is basically flat.
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