Rio, stage of the 2016 games, receives a seal of quality for foreign investments.
By Rio 2016
The Standard & Poors (S&P) classification agency, granted Rio de Janeiro, stage for the 2016 Olympics Games, with the level of investment. This decision opens the doors to foreign investors. The Governor Sérgio Cabral, celebrated the result of the agencys analysis. According to him, the grant of the investment level means a international seal of quality for current management..
Because of the Brazilian legislation and the the strong management which prevails in the State in the last three years, Standard & Poors (S&P) believes that with a strong and diversified economy the state will maintain its credit quality in the average term.
The state of Rio de Janeiro currently has an estimated GDP per capita at about 25% above Brasils average. Apart from this, the S&P evaluates that, the development of new petroleum fields will continue to give support to the economy on average terms. The agency also remembers that Rio has a low dependency on federal transfers, which gives more nimbleness for the solution of fiscal challenges.