Emerging South

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1. May 9 2008

   Brazil goes investment grade

   By John Baeyens | Share This | 0 Comments

   On April 30th, Standard & Poors nominated Brazil Investment grade .  Not a word on that fundamental event in the Belgian press, even though it's far from being a fait divers.  Remember my December investment tip ?  From 59,9 at that time to 69,2 today, that's a 15,5% gain in less than 6 months; not taking into account the currency win. Expect the Bovespa to further rally now that Brazil is investment grade and the Brazilian IPO market to remain exteremely active .  This coverage on BBC explains the underlying economical fundaments . 
   I truly enjoyed reading that Brazil's president Lula now critizes the AAA rating of the US , the man has a point of course.
   
   Back to Belgium now, for only 3 weeks, on June 1st we're flying back to Sao Paulo.

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