Bras\u00edlia \u2013 Finance minister Guido Mantega celebrated on Friday (20) the elevation of Brazil\u2019s rating by Moody’s. According to him, the improvement shows \u201chow robust\u201d the Brazilian economy is. The classification rose from the Baa3 to Baa2, \u201cwith possible upgrade\u201d.<\/p>\n
Mantega and president Dilma Rousseff got the news while participating in a political coordination meeting, at the Presidential Palace. \u201cIt was a coincidence as I was discussing the matter with the president and the coordinators, showing that the Brazilian economy has started the year making the necessary adjustment to decelerate the Brazilian economy, while other countries are accelerating theirs, and Brazil is already growing at cruise speed, of 4.5% a year,\u201d he said. According to the minister, president Dilma showed satisfaction with the Moody\u2019s rating.<\/p>\n
On speaking to journalists, Mantega read the document disclosed by the agency. In the statement, Moody’s shows that the new Brazilian classification is due to evidence of continued development of macroeconomic policies and to the active management of public debt with low exposure to exchange rates and interest.<\/p>\n
The document also shows the low susceptibility to the crisis associated to the accomplishment of fiscal targets for 2011 to 2014, as well as the perspective for economic growth in coming years.<\/p>\n
*Translated by Mark Ament<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"
According to Brazil\u2019s Finance Minister, Guido Mantega, the higher Brazilian rating by Moody\u2019s shows how robust the country\u2019s economy is.<\/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-38465","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"According to Brazil\u2019s Finance Minister, Guido Mantega, the higher Brazilian rating by Moody\u2019s shows how robust the country\u2019s economy is.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/38465","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=38465"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/38465\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=38465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=38465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=38465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}