Summary
Citing Brazil's prudent economic policies, Standard & Poor's (S&P) affirmed the country's BBB- investment-grade rating with a stable outlook. In its rationale, S&P said Brazil's low investment-grade ratings are supported by the government's ongoing commitment to prudent macroeconomic policies. According to Brazilian investment banking association Anbid, investors appear optimistic as Brazilian investment funds saw some $1.5 billion in net inflows in March. Anbid believes increased risk appetite, reduced local market volatility and easing competition from fixed-income bank deposits amid falling interest rates triggered the trend reversal.
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Brazil
Citing Brazil's prudent economic policies, Standard & Poor's affirmed the country's BBB- investmentg...
See the full content of this document
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