Country Risk Rating

Exports to China accounted for some 13.2% of total exports in January-April 2010, a 27% y-o-y increase. We particularly note the rise in crude oil exports, with China, the US and interestingly... 2010-06-01

Centre-right opposition candidate for October's presidential election, José Serra (PSDB), has begun to reach out to potential coalition candidates in an effort to boost his chances... 2010-05-10

We continue to highlight our concerns over persisting fiscal slippage and the increasing role of politics in the economy in the run-up to October's elections. However, perhaps the... 2010-05-10

When comparing Brazilian public debt levels to the 1980s and even 1990s it is fair to say that a projected rise in government borrowing will unlikely present any significant systemic... 2010-04-06

The Brazilian authorities have delayed the scheduled implementation of trade tariffs on 102 US goods in accordance with the August ruling by the WTO, which permits Brazil to implement... 2010-04-06

Notwithstanding the improvement in the general government fiscal balance in January, we continue to err on the side of caution with regards to the fiscal situation in Brazil this... 2010-03-04

The Brazilian government is trying to delicately manoeuvre its position on recognising Honduras's new government after President Porfirio Lobo was sworn in on January 27. On the last... 2010-02-05

Brazil's public debt levels rose consistently in 2009, reflecting the growing financing requirements of the Brazilian government's ambitious fiscal stimulus efforts at a time of subdued... 2010-02-05

The strong economic recovery in Brazil in the second part of 2009 saw the registered unemployment rate drop off at a more pronounced rate since August. We initially estimated an unemployment... 2010-01-12

With the presidential election in Brazil less than a year away, the election outcome remains highly uncertain, as previous frontrunner and opposition Partido da Social Democracia... 2009-11-30