Tuesday, June 21, 2011

Moody's Upgrades Brazil Again

Moody's rating agency has just raised the rating of the bonuses of the Brazilian government from Baa3 to Baa2, "considering that the performance of sovereign credit is consistently rated in the high margin Baa, that recent policy adjustments that should result in a macroeconomic environment more sustainable, and the prospect of improvement in fiscal indicators and growth in the medium term". "The rating outlook for the Brazilian still positive".
In its statement, the agency states that the positive outlook for the rating of Brazil captures the possibility of a new rise in rank in the next 12 to 18 months. "This will happen if:

1) economic growth to continues in moderate at lower rates - but more sustainable
2) the authorities wanted and successfully met the goals and short-term budget.

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