© Reuters.
(Reuters) – Ranking company S&P World on Tuesday upgraded Brazil’s long-term scores to “BB” from “BB-” after the nation’s just lately accredited tax reforms.
S&P expects the nation to keep up a robust exterior place, with restricted necessities for exterior financing wants to help in fiscal correction.
Brazil reported a smaller-than-expected present account deficit in October, helped by a commerce surplus.
The ranking company Brazil’s outlook to “stable” from “positive” on expectations the nation’s fiscal deficits will stay massive and progress on addressing its financial weaknesses might be gradual.
Final week, Fitch affirmed Brazil at “BB” and maintained a “stable” outlook.
