S&P takes Brazil off the naughty step

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S&P takes Brazil off the naughty step

Brazil
Sunrise on the beach of the Centre in Mongagua, southern coast of Sao Paulo, southeastern Brazil, on July 22, 2014. Photo: LUIS CLEBER/ESTADAO CONTEUDO/picture alliance | LUIS CLEBER/picture alliance / ESTADAO CONTE/picture alliance

Standard & Poor’s has removed the immediate threat of a sovereign downgrade for Brazil after saying that the political landscape is “somewhat more settled” than it was in May.

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