Well-established political institutions and the president's strong popularity will facilitate the transition through significant economic challenges in 2009. Implementation of prudent macroeconomic policies will allow Brazil's economy to resume economic growth over the medium term while limiting macroeconomic imbalances. The consolidation in Brazil's external sector and recent proactive central bank management will continue to moderate the domestic impact of international instability. The large government debt and interest burden will continue to require a strong commitment to fiscal responsibility over the medium term. Continued budgetary inflexibility and high current spending that does not translate into strong delivery of services. Structural impediments contribute to low investment ratios, constraining potential growth. Standard&Poor's Ratings Services' low-investment-grade ratings on the Federative Republic of
RESEARCH Federative Republic of Brazil Publication date: 01-Jul-2009 Primary Credit Analyst: Sebastian Briozzo, Buenos Aires (54) 11 4891 2120; sebastian_briozzo@standardandpoors.com Secondary Credit Analyst: Lisa M Schineller, New...
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Brazil 'BBB-/A-3' Foreign Currency Ratings Affirmed; Outlook Remains Stable – 2009/12/08 – US$ 150.00
Research Update: Federative Republic of Brazil 'BBB-/A-3' Foreign Currency Ratings Affirmed; Outlook Remains Stable – 2009/12/08 – US$ 225.00
Summary: Federative Republic of Brazil – 2010/02/24 – US$ 225.00
Federative Republic of Brazil – 2010/08/04 – US$ 500.00
Summary: Federative Republic of Brazil – 2010/08/04 – US$ 225.00
Summary: Federative Republic of Brazil – 2009/06/30 – US$ 225.00
Brazil 'BBB-' Long-Term Foreign Currency Rating Affirmed; Outlook Remains Stable – 2009/04/06 – US$ 150.00
Research Update: Republic of Brazil 'BBB-' Long-Term Foreign Currency Rating Affirmed; Outlook Remains Stable – 2009/04/06 – US$ 225.00
Federative Republic of Brazil – 2008/08/26 – US$ 500.00
Summary: Federative Republic of Brazil – 2008/08/26 – US$ 225.00
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