...NEW YORK (Standard & Poor's) Oct. 28, 2014--The reelection of President Dilma Rousseff in the second round of the presidential elections held in Brazil on Oct. 26 marks the seventh presidential election under the 1988 Constitution that cemented Brazil's return to democracy. It was the tightest race since 1989, which highlights the divisions within the Brazilian electorate. Against this backdrop, President Rousseff faces the challenges of restoring economic growth, removing obstacles to greater investment, controlling inflation, and attending to growing demands for better public services. The incoming Administration's policies will determine the ratings trajectory for Brazil. Standard & Poor's Ratings Services' base case is that Brazil's institutional and policy framework, coupled with its fiscal and external balance-sheet strengths, afford it sufficient room to maneuver and the ability to withstand external shocks, which is consistent with the '###-' foreign currency rating. We could raise...
