Brazilian Investment Gets Credit Rating Boost
Investments in Brazil received good news when Standard & Poor’s upped Brazil’s credit rating. This rise comes hot on the heels of Fitch’s recent upgrade and confirms the excellent outlook for Brazilian investments.
Standard & Poor’s (S&P) has raised the credit outlook from stable to positive for Brazil’s foreign currency sovereign credit. This is a welcome move for Latin America’s largest economy and reinforces the general impression that the new Brazilian government has got off to an excellent start.
In their first five months in office, Dilma and her team have been working hard to attract foreign direct investment in Brazil and to keep inflation in check. The recent upgrades from two of the world’s largest credit rating agencies reward their efforts and prove they are on the right track.
What is more, one of the S&P authors of the report, Sebastian Briozzo, said that the recent rise in foreign currency sovereign credit opens the door to more upgrades in the very near future. Quoted in the Financial Times, Mr Briozzo stated that if Brazil “continues down the current path, the country’s credit rating could be upgraded to BBB”.
This step would add further security for Brazilian investments and reinforce Brazil within the investment market generally. For the Financial Times, another upgrade from S&P “would be an important stamp of approval”. For Obelisk International, it would confirm our belief in Brazil as one of the best investment destinations globally.
In the report, S&P also praise Brazil for diversifying its economy and for encouraging the growth of the middle classes. The rise of the Brazilian middle class is an important factor behind the country’s recent economic success and the essence behind many opportunities for investments in Brazil.
The new middle classes are responsible, almost single-handedly, for the huge demand for real estate in Brazil. This demand is the major driver behind the current booming property market. And the continuing increase in the number of middle class Brazilians will continue to drive demand forward for at least two more decades.
Obelisk International welcomes the latest credit upgrade for Brazil and sees this as is the first of many as Brazil consolidates its international presence. We also believe it adds to confidence in Brazil as an investment destination.
Contact Obelisk International on 0034 952 820 319. Via email: info@obeliskinternational.com or visit our website: www.obeliskinternational.com.
Follow us on Twitter (Obelisk International) and LinkedIn (Obelisk International).
Standard & Poor’s (S&P) has raised the credit outlook from stable to positive for Brazil’s foreign currency sovereign credit. This is a welcome move for Latin America’s largest economy and reinforces the general impression that the new Brazilian government has got off to an excellent start.
In their first five months in office, Dilma and her team have been working hard to attract foreign direct investment in Brazil and to keep inflation in check. The recent upgrades from two of the world’s largest credit rating agencies reward their efforts and prove they are on the right track.
What is more, one of the S&P authors of the report, Sebastian Briozzo, said that the recent rise in foreign currency sovereign credit opens the door to more upgrades in the very near future. Quoted in the Financial Times, Mr Briozzo stated that if Brazil “continues down the current path, the country’s credit rating could be upgraded to BBB”.
This step would add further security for Brazilian investments and reinforce Brazil within the investment market generally. For the Financial Times, another upgrade from S&P “would be an important stamp of approval”. For Obelisk International, it would confirm our belief in Brazil as one of the best investment destinations globally.
In the report, S&P also praise Brazil for diversifying its economy and for encouraging the growth of the middle classes. The rise of the Brazilian middle class is an important factor behind the country’s recent economic success and the essence behind many opportunities for investments in Brazil.
The new middle classes are responsible, almost single-handedly, for the huge demand for real estate in Brazil. This demand is the major driver behind the current booming property market. And the continuing increase in the number of middle class Brazilians will continue to drive demand forward for at least two more decades.
Obelisk International welcomes the latest credit upgrade for Brazil and sees this as is the first of many as Brazil consolidates its international presence. We also believe it adds to confidence in Brazil as an investment destination.
Contact Obelisk International on 0034 952 820 319. Via email: info@obeliskinternational.com or visit our website: www.obeliskinternational.com.
Follow us on Twitter (Obelisk International) and LinkedIn (Obelisk International).
Labels: Brazil, Brazil property investment, Brazilian real estate, investing in Brazil, investment in Brazil, investments, MCMV, Minha Casa Minha Vida, Obelisk International, property investment
posted by Alison Kane at 12:36 pm
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