S&P raises Brazil’s outlook to positive

Dec 11 (Reuters) – S&P Global Ratings on Wednesday revised the outlook on Brazil to positive from stable, citing the government’s continued implementation of measures to reduce its fiscal deficit.

“The approval of social security reform and expected progress on fiscal and growth measures, along with moderate growth driven by stronger domestic demand, could improve Brazil’s fiscal position over the medium term,” the agency said in a statement here


By Shivani Singh via Reuters


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