Tag Archives: investment grade

Brazil downgrade: buy the news?

Standard & Poor’s surprised the market with its downgrade of Brazil’s sovereign rating to speculative grade late on Wednesday 9 September but the key question for equity investors is should they ‘buy the news’? Research by UBS, published on 18 … Continue reading

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Uruguay and Argentina: South American neighbours on diverging paths

Uruguay’s recent upgrade to investment grade by Standard & Poor’s had been priced in by the market for more than a year according to Franco Uccelli, executive director of emerging markets research at JPMorgan: “The price of Uruguay’s bonds has … Continue reading

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