February 9, 2012 / 4:45 PM / 6 years ago

TEXT-S&P compares Brazil with emerging market peers

Feb 9 - Brazil's sovereign credit profile is more stable but less
dynamic than most of its sovereign peers' in the low-investment-grade rating
category, according to a new report titled "How Does The Sovereign Credit Rating
On Brazil Compare With Those On Other Emerging Markets?" published Feb. 7, 2012,
by Standard & Poor's Ratings Services. The report offers a comparison of the
country's credit profile with its so-called "BRIC" (Brazil, Russia, India, and
China) counterparts Russia, India, and China, as well as with other regional and
global peers such as Colombia, Mexico, Peru, Panama, and South Africa.	
	
Brazil's profile is compared and contrasted according to the five factors 	
outlined in our sovereign rating criteria: economic risks, external risks, 	
fiscal risks, monetary flexibility, and political environment.	
	
"Brazil's stable and mature political institutions constitute a material 	
credit strength within its peer group," said Standard & Poor's credit analyst 	
Sebastian Briozzo. "A solid political commitment to prudent macroeconomic 	
policies, strong external accounts, a diverse economic structure, and lower 	
dependence on external demand to support economic growth provide additional 	
flexibility to withstand the increasing risks of a challenging global economic 	
environment without risking the investment-grade rating."	
	
	
The report is available to subscribers of RatingsDirect on the Global Credit 	
Portal at www.globalcreditportal.com. If you are not a RatingsDirect 	
subscriber, you may purchase a copy of the report by calling (1) 212-438-7280 	
or sending an e-mail to research_request@standardandpoors.com. Ratings 	
information can also be found on Standard & Poor's public Web site by using 	
the Ratings search box located in the left column at www.standardandpoors.com. 	
Members of the media may request a copy of this report by contacting the media 	
representative provided.	
	
Primary Credit Analyst: Sebastian Briozzo, Buenos Aires (54) 11 4891 2120;	
                        sebastian_briozzo@standardandpoors.com	
Secondary Contact: Joydeep Mukherji, New York (1) 212-438-7351;	
                   joydeep_mukherji@standardandpoors.com

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