Brazil’s “pragmatic” policy hailed
Practical policy has helped Brazil’s rise as an economic success story, one analyst has said.
Standard & Poor revealed that "fairly transparent institutions" also helped the Latin American nation earn investors’ confidence, according to the Independent.
Lisa Schineller, one of the index’s analysts, wrote: "Generally pragmatic and predictable policy and fairly transparent institutions have underpinned macroeconomic stability in Brazil.
"This has facilitated a sounder foundation for economic growth and fiscal improvement over the past five years that should continue over the next several years."
Last week, the country was placed in a group that presents low risk to investors, a move that resulted in the Sao Paulo Stock Exchange Index soaring by 6.33 per cent to a record level, according to the news provider.
The agency upgraded Brazil from a BB+ to BBB- adding that the nation has a "stable" long-term perspective rating which means the grade is likely to remain for a long time.
People considering buying property in Brazil could be interested to hear the country is one of only 14 countries to have its ’sovereign’ long-term credit rating increased to investment grade.
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