Alexandre Tombini, president of Brazil’s Central Bank has underlined the importance of the continued growth of the real estate credit sector, despite concerns of growingly depleting housing savings levels.
One of the three main international credit evaluation agencies – Fitch – announced on Monday 4th April that it has raised its risk classification of Brazil to a level higher from ‘BBB -‘ to ‘BBB’. The organisation stated that the sustainable growth potential is supported by medium term fiscal policies; the strengthening of liquidity levels despite the global economic slowdown; the steady reduction of treasury loans to the BNDES (the Brazilian Development Bank) and the increase in the capacity of the country to be able to handle economic shocks.
The May / June 2010 Brazil Real Estate and Land Investor Newsletter: information, notices, links, hints, tips, facts and figures of relevance.
A review of the Brazilian economy in 2009 for the real estate / land investor: Quarter 2
A review of the Brazilian economy in 2009 for the real estate / land investor: Quarter 4
