国际英语新闻：Fitch confirms Brazil's investment grade

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RIO DE JANEIRO,casque dr dre, June 28 (Xinhua) -- World-renowned credit rating agency Fitch Ratings announced on Monday the confirmation of Brazil's investment grade.Fitch stated that Brazil's Issuer Default Rating will be maintained at the BBB- level,christian louboutin, the lowest investment grade granted by the agency. The country ceiling will remain at the BBB level,piumini moncler, and the credit outlook was revised from stable to positive.The outlook was reviewed due to Brazil's economic performance and resilience in the face of the recession, which exceeded expectations,moncler, Fitch stated.According to the agency, those aspects,louboutin pas cher, together with Brazil's "relatively prudent economic policies,ralph lauren," can help improve the country's per capita income level and fiscal solvency ratio.Fitch added that it does not expect any major changes in the country's economic policy after the presidential elections,giubbotti moncler, which are to take place in early October.The agency expects the Brazilian economy to register a growth of 7percent this year,louboutin, roughly the same projection made by the Brazilian financial institutions on Monday.Fitch was the second of the world's three main credit rating agencies to grant Brazil an investment grade,polo ralph lauren, in May 2008, months before the escalation of the international financial crisis. Standard and Poor's granted Brazil an investment grade in April 2008 and Moody's,casque beats, in September 2009.