BRAZIL'S SOVEREIGN RATING COULD RISE AGAIN IN 2010. Brazil could be upgraded again in 2010. Of the leading Emerging Nations?the so-called BRICS (Brazil, Russia, China, and India) ?Brazil is the most likely to be upgraded, if not in 2010, then 2011. New oil-sector development could well propel Brazil into "Net Creditor Nation Status" over the medium term and higher up the investment rating rungs. Turkey has also survived the credit crunch relatively well and could receive a further upgrade in 2010. REFERENCE: http://www.ihsglobalinsight.com/sovereign-credit-risk-ratings-2010
AVB Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
