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Moody's Change Brazil's Outlook To Positive, Affirms Ba2 Rating

BRAZIL
  • MOODY'S CHANGES OUTLOOK TO POSITIVE, AFFIRMS BRAZIL'S Ba2 (BBG)
  • Moody's assesses that Brazil's real GDP growth prospects are more robust than in the pre-pandemic years, supported by the implementation of structural reforms over multiple administrations, as well as the presence of institutional guardrails that reduce uncertainty around future policy direction.
  • The outlook change to positive is underpinned by Moody's assessment that more robust growth combined with continued, albeit gradual, progress towards fiscal consolidation, may allow Brazil's debt burden to stabilize.
  • However, there are risks to the government's execution of continued fiscal consolidation - Moody's
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  • MOODY'S CHANGES OUTLOOK TO POSITIVE, AFFIRMS BRAZIL'S Ba2 (BBG)
  • Moody's assesses that Brazil's real GDP growth prospects are more robust than in the pre-pandemic years, supported by the implementation of structural reforms over multiple administrations, as well as the presence of institutional guardrails that reduce uncertainty around future policy direction.
  • The outlook change to positive is underpinned by Moody's assessment that more robust growth combined with continued, albeit gradual, progress towards fiscal consolidation, may allow Brazil's debt burden to stabilize.
  • However, there are risks to the government's execution of continued fiscal consolidation - Moody's