Brazil's Credit Outlook Raised to Positive by Moody's

Moody’s Ratings raised Brazil’s credit outlook to positive from stable on May 1st, referring to the execution of structural reforms that have bolstered the economic outlook in the Latin American country.

Still, the credit score remains at Ba2, two notches into junk. “More robust growth combined with continued, albeit gradual, progress towards fiscal consolidation, may allow Brazil’s debt burden to stabilize,”, Moody's statement showed.

Investors have greeted with enthusiasm a fiscal framework introduced by the Luiz Inacio Lula da Silva administration and the revision of the country's tax code.

Standard & Poor's credit rating for Brazil stands at BB with stable outlook.

Moody's credit rating for Brazil was last set at Ba2 with positive outlook.

Fitch's credit rating for Brazil was last reported at BB with stable outlook.

DBRS' credit rating for Brazil was last reported at BB with stable outlook.