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Brazil Says in US It’s Deserving of Investment Grade Rating

Brazil’s Secretary of the National Treasury, Joaquim Levy, stated that the Brazilian mission that visited the United States last Wednesday, February 22, had a fruitful dialogue with foreign risk evaluation agencies.

According to Levy, the Brazilians explained the steps taken to make the country’s economy more attractive to foreign investors.

The Brazilian government’s objective is to convince these agencies to raise the country’s rating to investment grade, the highest level in the ranking. According to Levy the last time the agencies analyzed the Brazilian economy was over three months ago.

The secretary said that one of the strongest points being presented to these agencies by the Brazilian government is the settlement of Brazil’s foreign debt.

"After more than 20 years, the foreign debt has ceased to be a problem. The situation today is completely different. People have not realized this yet, but when they do, it will have a huge impact on both Brazilians’ and foreigners’ willingness to invest in Brazil," he observed. "The ’80’s are finally over, and we can look ahead."

Levy explained, however, that there is no time frame for an improvement in the country’s classification.

According to the Secretary, Brazil’s economic indicators are already close to the level of countries such as Mexico, which has been investment grade since 2000.

Agência Brasil

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  • Show Comments (4)

  • Guest

    Re: For the love of Christ
    You’ve hit the nail right on the head. I’m British and have been doing business here for ten years now, and like you I’ve been buggered over more times than I care to admit. The problem is that for the most part, Brazilians have a funny idea about truth.For many Brazilians a truth is only an undiscovered lie, so fraud runs free at almost every level of society. If you try and mention this fact to them, you get told to fuck off back to your own country–but not before you’ve spent your dollars or euros here!

    And to the ‘butcher Bush’ commentator: How old are you? Twelve or something….. You nincompoop.

  • Guest

    American Amoebas…
    We want your money not your friendship!

    How many did butcher Bush kill today?

  • Guest

    but WHY…..
    …SHOULD BRAZIL TRIES TO INFLUENCE A RATING DECISION OF INDEPENDANT INTERNATIONAL AGENCIES ?????

    MAY BE YOU TRIED…WITH A LUGGAGE OF CASH !
    BUT THEY ARE NOT LIKE THE BRAZILIAN GOVERNMENT, international agencies are not for sale, not even for hiring !

  • Guest

    For the love of Christ!
    These fucking people trying to get the U.S. to LIE to its people like this is a great place to do business. Take it from a yank that’s doing business here, and has gotten fucked more times than a transvestite in San Quentin.

    Try solving the years of beaurocracy and the FRAUD that permeates every transaction and maybe the U.S. will consider. But for the love of god, don’t ask them to lie to their own people so they can get robbed here in Brazil.

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