Tuesday, July 7, 2009

S&P, Fitch Upgrade Brazil . . . Moody's May Follow


BreakingViews notes:

Moody’s may bestow its investment-grade blessing on the country, after similar upgrades by Fitch and S&P. That would reward Brazil’s monetary and fiscal policies. It would also cement its status both as an example for other developing countries and as the best Bric investment.
Of course, Brazil has profited handsomely from China's hunger for raw resources. So it is important to ask whether China's commodity buying spree is slowing down. And if so, how severely will that effect Brazil's economy?


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1 comment:

  1. Brazil BlogsSeptember 28, 2009 at 8:24 AM

    Thats a pertinent question raised in the end.
    Had a good time reading your posts. Nice collection of valuable bits of thoughts and information. Good work. Keep it up.

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