LatinNews Daily - 07 July 2009

Brazil: The ratings agency, Moody's Investors Service, put Brazil on review for a credit rating increase. Moody's cited Brazil's “demonstrated resilience to shocks" in the global economy in putting its credit rating of Ba1 (one level below investment grade), on review for upgrade. S&P and Fitch Ratings both assign Brazil a BBB- rating, the lowest investment grade level (two notches below Mexico).

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