Standard and Poor’s upgrads Brazil

Standard and Poor’s upgraded Brazil’s rating as an acknowledgment of the commitment to “meeting fiscal targets”. Brazil’s long-term ratings are now:BBB (sovereign) and A- (local currency).According to  ITAU UNIBANCO, “moving further up would require “vigorous” reforms.”

S&P remarked remaining risks: “poor inflation control, fiscal largesse, and a swell in lending by state banks.” S&P’s decision follows similar moves by Fitch and Moody’s.

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About Hildete Vodopives

Hildete de Moraes Vodopives is founder of Brazil Global and of the Harvard Strategists Bureau. She is a member of the Brazilian Investment Analysts Association (APIMEC-Rio) where she served as Corporate Relations Director and later, on the board. Hildete advises companies doing business in Brazil. She lives between Paris and Rio and is a member of the Harvard Club of Paris and of the Mercosur Women’s Forum.
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