Reforms and Growth May Lead to Rise in Brazil’s Sovereign Rating

Rating agencies point to higher growth in the country in 2020: Moody's and S&P believe in a two percent growth, while Fitch estimates a 2.2 percent increase.

RIO DE JANEIRO, BRAZIL - The continued progress of tax reforms and the increased pace of economic growth will be the two main factors that may lead Brazil to a sovereign rating raise in 2020 by international rating agencies.

But they do not envision an easy time for the government: the year of regional elections and the absence of a cohesive political base, in addition to the recent tensions in its Latin neighbors, threaten to delay the processing of proposals and/or weaken them along the way.

Nevertheless, rating agencies point to a Subscribe to our Premium Membership Plan. Already Subscribed?