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 - $10.39
- -0.29%
- $10.26
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).

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INFY
Infosys Technolog - $51.23
- +0.55%
- $51.38
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 European - $27.70
- -0.18%
- $27.82
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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CTCM
Ctc Media - $15.64
- -3.58%
- $15.79
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 Servicos De C - $13.85
- -1.77%
- $13.96
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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