Brazil has stronger credit dynamics than lower-rated nations and an outlook for economic and fiscal recovery that would make a reduction to a junk grade unjustified, Moody’s Investors Service said.
When Moody’s gave Brazil a stable outlook after reducing its credit rating last month to Baa3, its lowest investment grade, it found that the nation has more resilience than Croatia, Hungary and Costa Rica, all rated one level down, said Mauro Leos, the agency’s lead analyst for Brazil.
Brazil Energy Insight 
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