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.
Short blog post on the back of share values drops on the back of Brazil’s ‘Minha Casa, Minha Vida’ housing programme budgetary cuts.
A short post on the Brazilian finance and planning ministers, Guido Mantega and Miriam Belchoir recently announcing that the budget for part two of the up and coming ‘My House, My Life’ (‘Minha Casa, Minha Vida’) programme will be reduced by R$ 5.1 billion.
March 30th, 2010 by
Ruban Selvanayagam
1 Comment
March 2010 news update and links of interest to Brazil real estate and land investors.
February 2010 Newsletter for Brazil Real Estate and Land Investors (news, information, hints, graphs and more).
A review of the Brazilian economy in 2009 for the real estate / land investor: Quarter 2
January 5th, 2010 by
Ruban Selvanayagam
2 Comments
A review of the Brazilian economy in 2009 for the real estate / land investor: Quarter 3
January 4th, 2010 by
Ruban Selvanayagam
2 Comments
A review of the Brazilian economy in 2009 for the real estate / land investor: Quarter 4
