John Pitera's Market Laboratory Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : John Pitera's Market Laboratory

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: John Pitera who wrote (9358)	5/13/2008 3:01:19 PM
From: Patrick Slevin	Read Replies (1) of 33421

I've read that Brazil's economic outlook has been upgraded by S&P recently to Investment Grade. Don't ask me what that means. Sounds positive though. portfolio.com The upgrade is overdue if only because Brazil is now a net creditor nation, with reserves of more than $170 billion, and net creditors simply don't default. But ratings are sticky things, and ratings agencies are generally reluctant to issue both upgrades to investment grade and downgrades from investment grade. Now Brazil has its triple-B credit rating, it's extremely unlikely to lose it at any point in the foreseeable future.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next