Healthcare.com Corporation (Nasdaq: HCDC)was [HDIE] Message Board

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Technology Stocks : Healthcare.com Corporation (Nasdaq: HCDC)was [HDIE]

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To: Charles T. Russell who wrote (9795)	1/16/1999 1:34:00 PM
From: Jolie Renee	Read Replies (1) of 15094

>>Will the Brazilians continue to float the Real??<< U.S. Treasury Secretary Robert Rubin said on Friday "The issue now for Brazil, it seems to me, is twofold: Number one following through on (Brazilian) President Cardoso's enormous commitment...to putting in place an effective fiscal program and secondly putting in place an effective exchange rate regime." ------------------------------------------- Cardoso vowed to honor all Brazil's international obligations and comply with macroeconomic targets set under an international rescue package. ------------------------------------------- "Yesterday's downgrade reflects the heightened risks to financial recovery posed by the shift in exchange rate policy," said Lacey Gallagher, director of Standard & Poor's Sovereign Ratings group's Latin America region. "The shift in the band undermined the credibility of exchange rate policy. As such, the probability that the Central Bank could sustain a defense of the new band was low. Therefore, the near-term flotation of the real was factored into Standard & Poor's expectations and was already incorporated in the new ratings."

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