Words: Ashley Rigg
Published: 2nd September 2009
Brazil: Moody’s upgrade expected
Reuters reports that Brazil’s Finance Minister Guido Mantega is expecting Brazil to earn the much-coveted investment-grade rating this month.
The country is currently rated “Ba1” by Moody, one level below investment grade. The expected upgrade is bound to be a boon for foreign direct investment and overseas property sales.
Full story on
Reuters.com
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