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Fitch Ratings

Families are recovering confidence and this is a very good sign. The most interesting of which is watching the economy of Brazil and recovery that emerges from the above, is that it has own force and is not so dependent on what happens abroad although we cannot deny that this helps very much. -Special offer the war by raw material seems to have been overshadowed against financial disaster originated in United States China is taking advantage of this global crisis and will be more strengthened than before: it will require more and two key companies will accompany it in its growth where is China investing your money now? All the details in our Global value of July report, click here to learn about it. The clear evidence that the economy and the Government of Brazil have known good address the crisis represents a worthy recognition test passed. According to Mauro Leos, Moodys sovereign credit Analyst: as result of a shift to negative events in the international arena, Brazil has experienced the equivalent of a severe test of voltage of large proportions in recent months.

It is for this reason that the rating agency is evaluating to improve the grade of foreign and local currency debt of Brazil. Brazil debt in foreign currency rate in Ba1?, one level below the degree of investment would reach with the improvement. Moodys decision would not represent a too risky action since earlier Standard & Poor s and Fitch Ratings agencies have given Brazil debt investment grade status. To improve in qualifying, prospects for the fiscal deficit as well as the commitment of the Government shall be taken into account for its control. The Government of Brazil plans to further reduce costs to compensate in part the fall of tax revenue resulting from the global economic crisis. The Minister of finance, Guido Mantega clarified in this regard: we will not touch priority programmes of the Government.