MEASURING THE FINANCIAL CONDITION OF BRAZILIAN STATES.

Providing a tool to help managers and financial institutions improve their credit analysis. To replicate, for Brazilian states, a Financial Condition Index -- or FCI, based on the research by Wang, Dennis, and Tu (2007), and then adapt this index to Brazilian fiscal rules. There is no record of a accounting index, as applied to Brazilian states. The measurement of the financial condition of the states of Brazil between 2014 to 2018, through a correlation test and factor analysis, and s empirical verification of the relations of the variables own revenue, personnel expenses, and indebtedness and the developed indices. [ABSTRACT FROM AUTHOR]