S&P revises upward Brazil’s sovereign credit rating from stable to positive

Tuesday, May 24th 2011 - 00:40 UTC

Full article 7 comments

Standard & Poor's said on Monday it had revised its outlook on Brazil's sovereign credit rating to “positive” from “stable,” citing the prospect for steady, long-term economic growth. Read full article

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Forgetit87
From positive to stable? That doesn't even make sense. I think Mercopres meant from stable to positive.

We all know the clever people at Mercopress is unable to properly translate articles in Spanish and Portuguese. But being unable to understand its own language is a bit too much.

http://www.standardandpoors.com/ratings/articles/en/us/?assetID=1245305250908
May 24th, 2011 - 02:41 am - Link - Report abuse 0
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yul
For all we see ,Mercopress correctly translated S & P 's fantastic ratings as saying of Brasil's note is from stable to positive.
As we know that all Rating Institutions are the tools of speculative capital,,, few years ago I remember Bear Stearns's note was increased from stable to positive just one month before it's bust....

my note on Brasil is mildly negative ,here are facts :

2008/ Stocks in Bovespa ....75 billions US $
2011/ Stocks in Bovespa ....260 billions US $

2008/ Fixed Income derivatives ...120 billions US $
2011/ Fixed Income derivatives ...400 billions US $

2008/ Foreign Direct Investments ... 50 billions US $
2011/ Foreign Direct Investments ... 60 billions US $
May 24th, 2011 - 10:44 am - Link - Report abuse 0
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Forgetit87
They altered the title after my complaint. Before they said that ratings had been upgraped from positive to stable.
May 24th, 2011 - 04:40 pm - Link - Report abuse 0
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Fido Dido
Yull clown,
By comparing apples with oranges in your comment, it shows you have no clue what you're talking about. better stick to your German issues that is digging itself with other European nations into a deeper hole.
May 24th, 2011 - 06:29 pm - Link - Report abuse 0
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Redhoyt
Upgraped ??
May 25th, 2011 - 12:05 pm - Link - Report abuse 0
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Forgetit87
*upgrated

Thanks for picking on typos by non-native English speakers, Redhoyt. I don't know how I'd be without you.
May 25th, 2011 - 07:29 pm - Link - Report abuse 0
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Forgetit86
Damn it, *upgraded.
May 25th, 2011 - 07:29 pm - Link - Report abuse 0
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