Financial Times FT.com

Brazil’s new status wins admirers

By Ruth Sullivan

Published: June 8 2008 19:56 | Last updated: June 8 2008 19:56

Institutional investors are likely to take a fresh look at Brazil following ratings upgrades by two big agencies in the past two months. PDF

Standard & Poor’s and Fitch have both upgraded Brazil’s long-term sovereign debt to investment status, which means the country is now considered a safe investment destination unlikely to default on its debts.

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