Brazil on Cusp of Investment Grade Rating After Moody's Upgrade.

Moody's Ratings has upgraded Brazil's credit score to the highest junk grade, citing strong economic growth and a history of reforms as reasons for the upgrade. While Brazil's fiscal framework is still considered moderate, Moody's expects growth and adherence to fiscal policy to stabilize the country's debt burden in the medium term. This upgrade is part of Brazil's efforts to regain its investment-grade status, which it lost almost a decade ago. However, concerns about Brazil's debt trajectory and long-term growth prospects remain. [Extracted from the article]