Brazil Outlook Raised to Positive by Moody's on Reform Progress [Yahoo! Finance]
Tesla, Inc. (TSLA)
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Source: Yahoo! Finance
Most Read from Bloomberg Tesla Axes Supercharger Team in Blow to Broader EV Market NYPD Arrests Over 300 Protesters in Crackdown on College Campuses Fed to Signal Delay of Interest-Rate Cuts The Ozempic Effect: How a Weight Loss Wonder Drug Gobbled Up an Entire Economy Lilly Soars as Forecast Boost Shows Weight-Loss Drugs' Power The outlook improvement comes as Brazil tries to regain the investment-grade status it lost almost a decade ago. Moody's rates the nation's credit score two notches into junk at Ba2. “More robust growth combined with continued, albeit gradual, progress towards fiscal consolidation, may allow Brazil's debt burden to stabilize,” analyst Samar Maziad wrote in a statement. It has been years since Moody's took rating action on Brazil. Since cutting the country to junk in 2016, it has flip-flopped on the outlook — moving it to stable from negative in 2017, then back to negative months later, and again to stable the following year. It affirmed the sc
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