Brazil Kicks It Up A Notch

April 30th 2008 will be a day to remember for Brazilian economists and investors. Standard & Poor upgraded Brazil to “Investment-Grade” status. What this means, in a few words, is that the Brazilian economy has become stable enough to be deemed investment-safe.

This is excellent news, since the upgrade will make it possible for many more international investors, such as pension plans, to get into the Brazilian stock market.

More details about all this can be found in this story over at BusinessWeek. It’s a great report on the state of the Brazilian economy and the role of government in keeping things under control.