Moody’s recently upgraded Brazil’s credit outlook from stable to positive while maintaining its Ba2 rating. This adjustment, first set in February 2016, places Brazil tantalizingly close to the prestigious investment grade—a mere two steps away. Such an uplift could herald a forthcoming upgrade. During a press briefing, Finance Minister Fernando Haddad hinted at an imminent […]
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Lula advocates for Argentina and Saudi Arabia to join BRICS; comments on G7
Brazil’s President Luiz Inácio Lula da Silva has spoken in favor of expanding BRICS, a coalition presently composed of Brazil, Russia, India, China, and South Africa, to include Saudi Arabia, Argentina, and possibly the United Arab Emirates. As reported by local outlets, he made these comments during a breakfast meeting with foreign correspondents at the […]