Standard&Poor's Ratings Services' low-investment-grade rating on Brazil reflects our expectation that the ongoing process of strong economic recovery in Brazil will create an opportunity for the government to strengthen its credit profile over the medium term. That could happen if the government refines its economic policy mix by gradually removing the fiscal and monetary stimulus it implemented throughout the recent global crisis, thereby restoring the medium- and long-term sustainability of current economic policies. The upcoming presidential election in October 2010 will test the strength of Brazil's political and economical institutional framework to deal with these new challenges. Brazil's economy is recovering rapidly from the shock that the global economic and financial volatility caused at the end of 2008.
RESEARCH Summary: Federative Republic of Brazil Publication date: 04-Aug-2010 Primary Credit Analyst: Sebastian Briozzo, Buenos Aires (54) 11 4891 2120; sebastian_briozzo@standardandpoors.com Secondary Credit Analyst: Joydeep Mukherji,...
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Sovereign Ratings On Brazil Affirmed; Outlook Remains Stable – 2010/12/14 – US$ 150.00
Research Update: Brazil Sovereign Ratings Affirmed; Outlook Remains Stable – 2010/12/14 – US$ 225.00
Federative Republic of Brazil Foreign Currency Rating Outlook Revised To Positive; Ratings Affirmed – 2011/05/23 – US$ 150.00
Research Update: Federative Republic of Brazil Foreign Currency Rating Outlook Revised To Positive; Ratings Affirmed – 2011/05/23 – US$ 225.00
Federative Republic of Brazil – 2011/08/12 – US$ 500.00
Federative Republic of Brazil – 2010/08/04 – US$ 500.00
Summary: Federative Republic of Brazil – 2010/02/24 – US$ 225.00
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
Federative Republic of Brazil – 2009/07/01 – US$ 500.00
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