Standard & Poor's - Standard & Poor's eleva rating soberano de longo prazo em moeda estrangeira do Brasil para 'BBB-', grau de investimento; perspectiva estável
Standard and Poor's have classified Brazil as the 14th country with Investment Rating, according to this article on their site.
Looking at their rating, they have increased the rating to BBB, described as Investment Grade, which is defined as: "
Capacity to service and repay debt normally is still satisfactory, but risks increase if conditions become adverse."
This new rating was awarded on the 30th April 2008 - previously Brazil was considered (BB), defined as: "
Increasing uncertainty surrounding service and repayment of debt. Debt carries an increasing degree of risk."
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