Will Brazil reach investment grade until the end of 2024?
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Brazil lost its investment grade during the severe recession caused by the ‘new economic matrix,’ implemented by former President Dilma Rousseff. Since then, Brazil’s credit rating has fallen several notches. However, due to recent economic reforms, Brazil is now rated BB by Standard & Poor’s. Economists believe that only after another round of reforms will Brazil be able to regain its investment grade, aiming for a BBB- rating. I created this poll to gauge whether people believe Brazil is capable of improving from a BB to a BBB- rating (a two-notch increase) by December 31, 2024

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Brazil’s not only didn’t reach the investment grade (apart some upgrade to neutral grade during the year), but at this moment is facing a credibility crisis, due to government’s fiscal debts. The currency rose from US$ 1,00 = R$ 5,20 to US$ 1,00 =6,16 BRL. The risk now is to loose Ba1 rating in next months.

You should update this question to close on December 31st instead of in 5 hours

I think Lula is trusted more than other politicians for investment. I believe he had the highest growth in recent history in his previous term. I think it's likely.

@MichaelSmith1e9f the whole world had a great time in the 00s; Brazil grew less than the average of Latin America. When viewed through this lens, Lula looks mediocre.

predictedYES

@BrunoParga You are probably more informed than me thanks for your perspective. I only briefly researched him to make sure he wouldn't affect my PBR shares too much if I bought them at ~$10

Dá uma relida no título da pergunta ;)

@BrunoParga - corretor do IPhone. Valeu!

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