Brazil rides the wave of global commodity boom to hit investment-grade status

Blessed and cursed in equal measure by abundant resources and a penchant for economic mismanagement, the future seems to have arrived for emerging market giant, Brazil. On April 30, Standard & Poor's raised its rating on Brazil to investment grade for the first time. The move is expected to provide a major boost to the country's growth outlook and has already driven stock prices up 12% as investors await a major influx of cash from institutions that are prevented by their covenants from investin

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