Latin America market round up: Moody’s upgrades Brazil
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Latin America market round up: Moody’s upgrades Brazil

Moody’s finally upgraded Brazil’s foreign and local currency debt last month to Ba1 from Ba2. The agency also raised the country ceiling to Baa3. This moves brings Moody’s in line with S&P and Fitch, which already have Brazil at BB+ and have positive and stable outlooks on their respective ratings.

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