Moody’s contradicts peers on Brazil with post-election optimism

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Moody’s contradicts peers on Brazil with post-election optimism

Brazil, Lula, arrest, LAva Jato, LatAm
(180408) -- SAO BERNARDO DO CAMPO, April 8, 2018 (Xinhua) -- Former President of Brazil Luiz Inacio Lula da Silva reacts during a mass in memory of his wife Marisa Leticia in front of the headquarters of the Metalworkers' Union in Sao Bernardo do Campo, in the outskirts of Sao Paulo, Brazil, on April 7, 2018. Brazil's ex-president Luiz Inacio Lula da Silva turned himself in to federal police on Saturday, after supporters tried to prevent him from handing himself over to the authorities. (Xinhua/Rahel Patrasso) (cr) (vf)(gj) | Rahel Patrasso/Xinhua News Agency/PA Images

Moody’s said that it believed fiscal reforms in Brazil were inevitable no matter who wins October’s election, removing the country’s negative outlook just weeks after the rating agency’s peers downgraded the sovereign.

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