Economy / Brazil
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Fitch Confirms Investment Grade Status
June 2008 | Data ReleaseSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Two down, one to go. Following Fitch's decision to bump up Brazil's sovereign credit rating one notch to BBB-, a move that comes less than a month after a similar upgrade by Standard & Poor's (S&P), the country can now truly be considered part of the investment grade elite. While Fitch's announcement was a poorly-kept secret (the market had been expecting an upgrade for weeks), the move itself is by no means insignificant.