Standard - Poor's (S-P) Global Ratings upgraded Brazil's credit outlook from "stable" to "positive" on Wednesday, marking the first such upgrade since 2019.Despite this positive shift, the agency maintained the country's sovereign credit rating at "BB-", a status that still implies a "speculative grade".The revised outlook signifies that Brazil, the leading economy in Latin America, is less susceptible to short-term risk.However, it continues to grapple with potential adversities in the financial and economic arenas over the medium and long term, as per S-P's analysis.The rating agency explained ..To read the full NEWS and much more, Subscribe to our Premium Membership Plan.
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