Brazilian Government Releases Second Pre-Issuance Report for Sustainable Sovereign Bonds
The Brazilian government announces the publication of the second Pre-Issuance Report with Indicative Allocation of Resources, within the context of the Brazilian Framework for Sustainable Sovereign Bonds. The document, approved by the Sovereign Sustainable Finance Committee (CFSS), outlines the expense categories that will serve as a reference for the second issuance of sustainable public bonds by the Federative Republic of Brazil.
Brazil Recognized at the 9th Climate Bonds Awards for Efforts in Sustainable Transition Policies
Brazil has been awarded at the 9th Climate Bonds Awards, receiving the Strongest Effort in Integrated Transition Policy Award. This recognition highlights the Brazilian government's efforts in environmental and social sustainability, notably the launch of the first sustainable public bond by the National Treasury in November 2023, based on the Brazilian Framework for Sustainable Sovereign Bonds.
Moody's credit rating agency changes outlook on Brazil's sovereign rating to positive
The credit rating agency Moody's has changed to POSITIVE the outlook for Brazil's rating, which is currently at Ba2. This decision marks Moody's first move since 2018 when the outlook shifted from negative to stable, further reinforcing the improvement in the credit rating trajectory observed since 2023, with rating upgrades by both S&P and Fitch. If the change in grade happens, Brazil will be one step away from returning to investment grade, a significant landmark for the country economic stability indicators.