London, United Kingdom (PressExposure) April 28, 2011 -- One of the world's premier credit agencies, Fitch, has upgraded Brazil's local and foreign currency debt to BBB from BBB-, and its country ceiling to BBB+ from BBB. This rapid improvement - Brazil's debt was at junk status a few years ago - demonstrates growing international awareness of the Brazilian economy's staggering development: 'the country of now', according to Forbes.
With growth of a healthy 7.5% in 2010 - when most of the world was still limping out of the global recession - it's no surprise that the world's best financial agencies are focusing on doing business in Brazil.
Growth this fast could give rise to fears of a bubble, but the debt upgrade shows that Brazil's development is real and international experts are rewarding Brazilian president Dilma Rousseff's strategies to reduce overheating. The global currency markets have already responded positively.
Brazil's growth is also centred on natural resources, particularly industry - after Australia, it's the world's largest exporter of raw materials - and booming agriculture. The growing global demand for renewal energy in particular promises to make Brazil this century's energy superpower.
The importance of agriculture and agribusiness in powering Brazil's growth which means that a Brazil property investment is ideal for anyone wishing to become part of Brazil's real and sustained growth. The largely agricultural region of Bahia is the ideal place to invest in Brazilian property, as - unlike cities such as Sao Paolo and Rio de Janiero, which may be at risk of property bubble - property in Bahia is largely under-valued but in high demand from local and international investors alike.
Brazilian property is not just a good investment: it's also a safe one, thanks to Brazil's well-developed legal system, strong democracy and welcoming policies designed to attract overseas investors.
However, the country's robust bureaucracy is difficult for foreigners to navigate, and English-speakers are rare. So, when investing in Brazilian property, make sure to call in the experts. Brazil Bahia Property (IBBI) is a Brazilian company run by fluent English-speakers with an in-depth knowledge of the Bahia property market. With the largest portfolio of second-hand property in the Bahia region, they're your perfect partners for valuable investment in this ever-growing economy.