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5月1日

Long time, no see... and Investment Grade

Muito tempo sem escrever aqui e sem atualizar o meu Spaces. Mas acho que nesse 1o. de Maio aqui em Londres, onde todo mundo trabalha... ;-).... acho que vale adicionar a notícia que o Brazil ganhou o Investment Grade que tanto esperava. Agora ninguém vai aguentar o Lulla....
 

S&P upgrades brazil to investment grade "BBB-"

Wed Apr 30, 2008 3:03pm EDT

NEW YORK, April 30 (Reuters) - Standard & Poor's lifted Brazil's sovereign credit rating one notch to "BBB-" on Wednesday, giving it coveted investment grade status, citing a maturing of institutions and improved growth prospects.

"The upgrades reflect the maturation of Brazil's institutions and policy framework, as evidenced by the easing of fiscal and external debt burdens and improved trend growth prospects," S&P said in a statement.

"While net general government debt remains higher than that in many "BBB" peers, a fairly predictable track record of pragmatic fiscal and debt management policies mitigates this risk," the firm said.

The country is rated "BB+" by Fitch Ratings and "Ba1" by Moody's Investors Service, both one notch below investment grade.

Brazil's benchmark 2040 sovereign Global bond <BRAGLB40=RR> rose in price on the news. The issue traded up 1 point in price to bid 135.625, yielding 5.083 percent. (Reporting by Daniel Bases)