Moody’s may bestow its investment-grade blessing on the country, after similar upgrades by Fitch and S&P. That would reward Brazil’s monetary and fiscal policies. It would also cement its status both as an example for other developing countries and as the best Bric investment.
Of course, Brazil has profited handsomely from China’s hunger for raw resources. So it is important to ask whether China’s commodity buying spree is slowing down. And if so, how severely will that effect Brazil’s economy?