Quote:
Originally Posted by JMBroad
[url=http://www2.standardandpoors.com/portal/site/sp/ps/la/page.article/3,1,1,0,1204835719295.html]
Standard and Poor's have classified Brazil as the 14th country with Investment Rating, according to this article on their site.
Looking at their rating, they have increased the rating to BBB, described as Investment Grade, which is defined as: "Capacity to service and repay debt normally is still satisfactory, but risks increase if conditions become adverse."
This new rating was awarded on the 30th April 2008 - previously Brazil was considered (BB), defined as: "Increasing uncertainty surrounding service and repayment of debt. Debt carries an increasing degree of risk."
./discuss
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We knew this was due to happen, I am just surprised it took so long! Will this lead to the currency being freed up for trading so it can be bought forward?