Tag Archives: Fitch

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 FitchContinue reading “Standard and Poor’s upgrads Brazil”