The rating agency Moody’s Investors Service reaffirmed, this Tuesday (12), Brazil’s long-term foreign currency sovereign credit rating at “Ba2”, also maintaining a stable outlook.
According to the agency, the main factors for confirming the rating are structural changes in fiscal and monetary policies that will support economic performance and fiscal consolidation in the coming years; improved fiscal performance, which mitigates the impact of rising interest rates on debt dynamics; and strong external position and foreign currency reserves, which support Brazil’s credit profile.
“The stable outlook reflects Moody’s expectations that recent fiscal and monetary policy reforms are structural in nature and will largely be preserved, against the risk of fiscal slippage and the impact of weak growth on fiscal consolidation.” , the agency said in a statement.
Source: CNN Brasil
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