Posted on 05/05/08
'There's going to be a flood of money'
Some of the Brazilian equity market's weakest links could prove the biggest beneficiaries of the country's new investment-grade credit status, market watchers say.Experts believe Standard & Poor's decision last week to upgrade Brazil's long-term foreign-currency rating to triple-B minus, lifting the country into investment grade for the first time, will lower domestic interest rates and attract increased investment into Brazil - adding fresh fuel to a market that has already enjoyed a meteoric rise in recent years. But they said the traditional drivers of the market - the country's big resource sectors - will probably take a back seat.
The full text of this article has 1011 words.
To continue reading this article, you will need to purchase this article.
Already have a member account? Login now
Pay-Per-View Offers To read the complete article, select one of the following options
Purchasing from globeandmail.com is quick and secure.
