Fitch improves Brazil’s credit rating for the first time since 2018
Credit rating agency Fitch has upgraded Brazil's long-term credit rating from BB- to BB due to better-than-expected fiscal performance and policy reforms. The GDP growth forecast for 2023 has also been revised upwards from 0.7% to 2.3%. This is the first such adjustment since 2018, acknowledging the progress made in addressing economic challenges despite political […]