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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (35243)	5/29/2008 11:34:08 AM
From: Paul Senior	Respond to of 218863

Elmatador. Brazil. Well maybe I won't actually buy a house in Brazil, but I will buy a few shares of Cyrela: cyrela.com.br

To: elmatador who wrote (35243)	5/29/2008 3:44:51 PM
From: Paul Senior	Respond to of 218863

Elmatador. Brazil: "2:26PM iShares Brazil: Fitch upgrades Brazil to Investment Grade; IDRs to 'BBB-' (EWZ) 101.05 +1.75 : Fitch Ratings has upgraded Brazil as follows: Long-term foreign currency IDR to 'BBB-' from 'BB+'; Long-term local currency IDR to 'BBB-' from 'BB+'; Country ceiling to 'BBB' from 'BBB-'; and Short-term IDR to 'F3'. The Rating Outlook is Stable. The rating upgrade reflects the dramatic improvement in Brazil's external and public sector balance sheet that has greatly reduced Brazil's vulnerability to external and exchange rate shocks and entrenched macroeconomic stability and enhanced medium-term growth prospects. The authorities have established a track record of commitment to low inflation and a primary budget surplus that has dispelled previous concerns over medium-term fiscal sustainability. Brazil's investment-grade ratings are also supported by its diverse, high value added economy (reflected in a per capita income, which at ~$7,000 is in line with the 'BBB' median), and its relative political and social stability."