{"id":73,"date":"2009-04-06T16:12:49","date_gmt":"2009-04-06T20:12:49","guid":{"rendered":"http:\/\/blogs.law.harvard.edu\/jezler\/?p=73"},"modified":"2009-04-10T11:17:52","modified_gmt":"2009-04-10T15:17:52","slug":"credit-rating-affirmed","status":"publish","type":"post","link":"https:\/\/archive.blogs.harvard.edu\/jezler\/2009\/04\/06\/credit-rating-affirmed\/","title":{"rendered":"Brazil Credit Rating Affirmed at S&amp;P on \u2018Prudent&#8217; Policies"},"content":{"rendered":"<p>April 6 (Bloomberg) &#8212; Brazil\u2019s investment-grade credit rating was reiterated by Standard &amp; Poor\u2019s as the government maintains \u201cprudent\u201d economic policies during the global recession.<\/p>\n<p>Falling interest rates will improve growth and reduce the cost of government debt, while Brazil\u2019s change to a net creditor from a net debtor will help shield the country from global turmoil, Standard &amp; Poor\u2019s analysts wrote today in a statement.<\/p>\n<p>President Luiz Inacio Lula da Silva\u2019s popularity also will be helpful in pushing through policy changes needed to confront \u201csignificant economic challenges\u201d this year, the ratings company wrote. S&amp;P expects Brazil\u2019s economy to shrink 1 percent in 2009.<\/p>\n<p>The stable outlook on the BBB- long-term credit rating, the lowest investment-grade level, is \u201csupported by the government\u2019s commitment to prudent macroeconomic policies,\u201d the analysts wrote.<\/p>\n<p>\u201cThe reaffirmation of this commitment remains critical for Brazil to protect the recent improvement in fundamentals and to regain a sustainable growth trajectory once the global economy stabilizes,\u201d S&amp;P said.<\/p>\n<p>To contact the reporter on this story: Paulo Winterstein in Sao Paulo at pwinterstein@bloomberg.net.<\/p>\n<p>Bloomberg\u00a0 April 6, 2009 15:46 EDT<\/p>\n<p style=\"text-align: right\"><strong>Waldemar Jezler &#8211; <a href=\"http:\/\/www.libracap.net\/\">www.libracap.net<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>April 6 (Bloomberg) &#8212; Brazil\u2019s investment-grade credit rating was reiterated by Standard &amp; Poor\u2019s as the government maintains \u201cprudent\u201d economic policies during the global recession. Falling interest rates will improve growth and reduce the cost of government debt, while Brazil\u2019s change to a net creditor from a net debtor will help shield the country from [&hellip;]<\/p>\n","protected":false},"author":1642,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[127,5445],"tags":[],"class_list":["post-73","post","type-post","status-publish","format-standard","hentry","category-general","category-public-finances"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pab9Mr-1b","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/archive.blogs.harvard.edu\/jezler\/wp-json\/wp\/v2\/posts\/73","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/archive.blogs.harvard.edu\/jezler\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/archive.blogs.harvard.edu\/jezler\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/jezler\/wp-json\/wp\/v2\/users\/1642"}],"replies":[{"embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/jezler\/wp-json\/wp\/v2\/comments?post=73"}],"version-history":[{"count":0,"href":"https:\/\/archive.blogs.harvard.edu\/jezler\/wp-json\/wp\/v2\/posts\/73\/revisions"}],"wp:attachment":[{"href":"https:\/\/archive.blogs.harvard.edu\/jezler\/wp-json\/wp\/v2\/media?parent=73"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/jezler\/wp-json\/wp\/v2\/categories?post=73"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/jezler\/wp-json\/wp\/v2\/tags?post=73"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}