Date updated:05-07-2008
Is the global growth trade back on after S&P upgraded Brazil’s sovereign debt this week? As we told you on Wednesday, Standard & Poor's Ratings Services raised Brazil's debt rating to investment grade, a key benchmark in the nation's economic transformation that sent domestic stocks soaring. The long-awaited upgrade came two months after Brazil's Central Bank declared that the nation's debt crisis was over because Latin America's largest country had emerged as a net foreign creditor for the first time.

-
TSM
Taiwan Semicond A - $10.14
- +2.22%
- $9.87
The upgrade suggests to me that global growth remains robust, says Tim Seymour. In EM I especially like tech names such as Taiwan Semiconductor (TSM) and Infosys (INFY).

-
INFY
Infosys Techn Ads - $40.02
- +1.99%
- $38.92
The upgrade suggests to me that global growth remains robust, says Tim Seymour. In EM I especially like tech names such as Taiwan Semiconductor (TSM) and Infosys (INFY).

-
CETV
Central Eur Med A - $83.47
- +4.32%
- $82.03
I’m also bullish on some of the media names such as Central European Media Enterprises (CETV), CTC Media (CTCM) and Net Servicos de Comunicacao (NETC).

-
CTCM
Ctc Media - $22.69
- +2.76%
- $22.01
I’m also bullish on some of the media names such as Central European Media Enterprises (CETV), CTC Media (CTCM) and Net Servicos de Comunicacao (NETC).

-
NETC
Net Servico Adr - $12.61
- +1.69%
- $12.40
I’m also bullish on some of the media names such as Central European Media Enterprises (CETV), CTC Media (CTCM) and Net Servicos de Comunicacao (NETC).
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