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Brazil Nears Investment Grade with Moody’s Positive Outlook
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 […]