Standard & Poor's raised its long-term sovereign credit rating on the Federative Republic of Brazil
On May 16, 2007, Standard & Poor's Ratings Services raised its long-term sovereign credit rating on the Federative Republic of Brazil one notch, to 'BB+' from 'BB', and its long-term local currency credit rating by two notches, to 'BBB' from 'BB+'. Standard & Poor's also raised its short-term local currency sovereign credit rating on the country to 'A-3' from 'B' and affirmed its 'B' short-term foreign currency rating. Please click the links below to access the releases containing the complete information about Brazil's ratings as well as those on the rating actions on four Brazilian government-related entities, other financial instituions and FIDC.
