UPDATE 1-Moody's improves Brazil's outlook to positive, keeps Ba2 rating [Yahoo! Finance]
Moody's Corporation (MCO)
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Source: Yahoo! Finance
May 1 (Reuters) - Ratings agency Moody's revised Brazil's outlook to positive from stable on Wednesday, citing stronger economic growth while maintaining the Ba2 credit rating for the country. The Finance Ministry highlighted that this marks Moody's first adjustment since 2018, when Brazil's outlook transitioned from negative to stable, celebrating the news in a statement following credit upgrades by S&P and Fitch in 2023. The ministry stressed President Luiz Inacio Lula da Silva's commitment to pursuing a sustainable path for public finances, "combining efforts to enhance revenue and control expenditure dynamics." Moody's forecast a gross domestic product (GDP) expansion of around 2% for both this year and the next, attributing the more robust outlook for economic activity compared to pre-pandemic years to structural reforms enacted across various administrations and institutional frameworks that reduce uncertainty regarding future policy directions. The agency also pointed
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MCO
Earnings
- 5/3/24 - Beat
MCO
Sec Filings
- 5/9/24 - Form 4
- 5/6/24 - Form 8-K
- 5/2/24 - Form 10-Q
- MCO's page on the SEC website