Brazil Upgraded to BBB by Fitch

Brazil Upgraded to BBB by Fitch

Brazil Bonds Economy & Policy

Brazil’s sovereign rating was upgraded by Fitch Monday to BBB from BBB minus. “The Brazilian economy has increased to 4%-5%, supporting the medium-term fiscal outlook and the continued strengthening of its external liquidity position,” according to Fitch. The outlook is revised to stable from positive. GDP growth last year reached 7.5%, and notes that while Brazil’s current account deficits are likely to remain more elevated, the deterioration in net external debt indicators could be contained b

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