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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3.00@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.
@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