At last! An upgrade

Article Abstract:

Brazilian administration's prudent fiscal management and booming export sector are the reasons behind Moody to upgrade the country's long-term foreign currency debt to B1 from B2. In 2002, the ratings were cut because of the country's economic recession. After the upgrade, the rise in investor confidence is seen as a positive sign from the tightening of Brazilian debt spreads over comparable United States treasury bonds. The expansion of economy in second quarter 2004 and the increase in household consumption prompted the analysts to forecast the Gross Domestic Product (GDP) of Brazil under the IMF program, which is examined.

Government expenditures, Economic policy, Economic conditions, Rankings

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Issuance juggernaut picks up speed

Article Abstract:

The emerging market borrowers can enter the international bond market for financing because of low records in the US and UK interest rates, excess global liquidity pouring into the international financial system and the improvement in the credit ratings of developing countries. Analysts feel that despite the hefty issuance since the beginning of the year, the borrowing spree is far from over.

United Kingdom, United States, Interest Rates, Analysis, Credit market, Credit markets, Emerging markets

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Brazil's recovery: to be continued

Article Abstract:

The phenomenal economic recovery recorded by Brazil in the year 2004 is discussed and favorable forecasts for the year 2005 are made based on the same.

Cover Story, Economic recovery, 2005 AD

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