| Title: | Brazil |
| Price: | $300.00 |
| Publication Date: | May 05, 2008 |
| Report Type: | Analysis |
| Brief Excerpt: | ...Brazil s Ba# local- and foreign-currency government bond ratings and stable outlook incorporate important reductions in external vulnerabilities and lower credit risks on the fiscal front. Economic polic y continuity and th e anticipation of moderate political risks that could reverse this condition are factored into Brazil s current ratings. External debt indicators have declined steadily driven by reduced external indebtedness and sustained export growth. Increased international reserves have considerably reduced the country' s exposure to external shocks. Government debt indicators have report ed moderately declining trends in recent years supported by the authorities' commi tment to primary surplus targets. The current government debt profile incor porates a much-reduced exposure to exchange rate risk, as well as lower interest-rate risks. The main constraints to the government s ra tings are (#) relatively high debt ratios that, though declining, exceed the Baa-ca tegory... |
| Word Count: | 8171 |
| Length: | 14 Pages |
| Issuer: | Brazil |
| Format: | 
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