S&P revised Brazil’s sovereign rating to positive

S&P Global Ratings revised on Wednesday 11 December 2019 Brazil’s sovereign rating outlook to positive from stable and affirmed the debt grade at ‘BB-’, citing as main driver behind the revision fiscal consolidation measures aimed at reducing Brazil’s still large fiscal deficit.

Moody’s credit rating for Brazil was last set at Ba2 with stable outlook.

Fitch’s credit rating for Brazil was last reported at BB- with stable outlook.

DBRS’s credit rating for Brazil is BB (low) with stable outlook.

In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Brazil thus having a big impact on the country’s borrowing costs.

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