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S&P Say Outlook Upgrade Reflects Signs Of Greater Certainty About Stable Policy

BRAZIL
  • Brazil’s long-term foreign currency debt rating was affirmed by S&P at BB-. Outlook to positive from stable.
  • From the statement: Outlook reflects signs of greater certainty about stable fiscal and monetary policy that could benefit Brazil’s still-low GDP growth prospects, S&P says. Despite still-large fiscal deficits, continued GDP growth plus the emerging framework for fiscal policy could result in a smaller increase in the government debt burden than originally expected.

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