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Economy & Business - November 2011 (ISSN 1741-7430)

DEBT: Brazil upgraded

Brazil’s government credit risk was upgraded by Standard & Poor’s, an international credit ratings agency, in November. The upgrade is part of a current trend whereby emerging market debt is moving up towards the A-rating common to industrialised countries. It is worth noting that China’s credit ratings agency, Dagong, already rates Brazil as A- and Chile as A+. standards of the core economies.

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