Moody's affirms Brazil's rating at BA2
- reflects credit strength, offsetting weak fiscal metrics
- Says next administration will pass reforms to stabilize debt metrice over medium term
- Cites higher than expected short and medium term growth prospects to support fiscal consolidation
- Low inflation, interest rate environment in Brazil will have a positive impact on fiscal accounts and debt dynamics
BRL not showing too much response to the announcement, its been on the softish side overnight:
