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”
Tag Archives: Standar & Poors
Will Brazilian economy be contaminated by the turbulent scene in Europe?
Brazilian equities are down 11% in 2010, but in the opinion of Regina Nunes, president of – Standard & Poor’s Brazil, the Brazilian economy has grounds to avoid being contaminated by the turbulent scene in Europe, affected by the current economic crisis in Greece. The only way the Brazilian economy could be contaminated would beContinue reading “Will Brazilian economy be contaminated by the turbulent scene in Europe?”
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