The S&P tonight raised Brazil's investment grade for the first time. Brazil's sovereign debt is now at BBB- up from BB+. This ultimatley lows funding costs and makes Brazil even more an attractive place for BIG money to invest. Bottom line, this is HUGE for brazil and I think it's only the beginning.
All brazilian stocks were on fire today, I'd be buying on any weakness
Brazilian exposure in my portfiolo:
RIO, PBR, FLATX, CGMFX
Looking to buy:
UBB, ITU
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