Brazil rides the wave of global commodity boom to hit investment-grade status
S&P's upgrade to BBB- for Brazil is in part reward for the country's prudent economic policies that have seen it quadruple international reserves, but could rising inflation spoil the party?
Blessed and cursed in equal measure by abundant resources and a penchant for economic mismanagement, the future seems to have arrived for emerging market giant, Brazil. On April 30, Standard & Poor's raised its rating on Brazil to investment grade for the first time. The move is expected to provide a major boost to the country's growth outlook and has already driven stock prices up 12% as investors await a major influx of cash from institutions that are prevented by their covenants from
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