Bras\u00edlia \u2013 Moody\u2019s rating agency has increased Brazil\u2019s grade from Baa3 to Baa2, \u201cwith possible upgrade\u201d perspective. According to the Moody’s statement, the change in classification is due to the \u201cmost recent adjustment\u201d in the country\u2019s economy that point towards more sustainable macroeconomic scenery and improvement in medium term fiscal indices\u201d. <\/p>\n
The rating identifies to investors the country and its company\u2019s capacity to honour its financial engagements. In April, Fitch, another rating agency, had already improved Brazil\u2019s rating from BBB- to BBB.<\/p>\n
According to the Moody\u2019s statement, the perspective is for possible upgrade over the next 12 or 18 months, if economic growth is moderate, at lower rates, though sustainable, and authorities remain prepared and capable of accomplishing the budget targets for the medium term. If that does not take place, the perspective is for Brazil to be maintained at the current Baa2.<\/p>\n
The last time that the country rating was changed by Moody\u2019s was on September 22, 2009, when the grade was updated from Ba1 to Baa3.<\/p>\n
Last Friday (15), Finance minister Guido Mantega announced that the risk of Brazil not paying its debts is currently lower than that of the United States. In this case, the minister was referring to another evaluation by the financial market, the so-called Credit Default Swap (CDS), a kind of insurance to investors against debtors not being honouring their obligations.<\/p>\n
*Translated by Mark Ament<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"
The rating agency has increased the Brazilian grade from Baa3 to Baa2, with \u2018Possible Upgrade\u2019 perspective. The change took place due to the recent economic adjustment made in the country.<\/p>\n","protected":false},"author":2315,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[],"class_list":{"0":"post-38460","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"The rating agency has increased the Brazilian grade from Baa3 to Baa2, with \u2018Possible Upgrade\u2019 perspective. The change took place due to the recent economic adjustment made in the country.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/38460","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2315"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=38460"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/38460\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=38460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=38460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=38460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}