Economists upgrade Brazil's investment ratings thanks to strengthening economy
Britons looking at property investment in Brazil may be heartened to hear that a major financial ratings company has placed the country's economy on review for an upgrade to its investment rating.
Moody's Investors Service has said that while government debt has decreased significantly, there are still opportunities to continue progress made towards a sustainable economy in Brazil.
To the benefit of the economy, Brazilian government debt looks set to continue falling, thanks to a positive debt management strategy and budget trends, the company revealed.
"While Brazil's external vulnerability indicators have sustained an impressive reduction, the improvement in government debt indicators has been less striking," remarked Moody's senior analyst, Mauro Leos.
He added: "Still, the domestic debt structure is improving, and government debt ratios are trending downwards."
Recently, the Brazilian central bank announced revised forecasts for inflation after taking into account new sectors of the economy that were previously unaccounted for.
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