Fitch confirms Brazil's investment grade

RIO DE JANEIRO, June 28 (Xinhua) -- World-renowned（世界知名的） credit rating agency Fitch Ratings announced on Monday the confirmation¹ of Brazil's investment grade.
Fitch stated（阐述） that Brazil's Issuer Default Rating will be maintained at the BBB- level, the lowest investment（投资） grade granted by the agency. The country ceiling will remain at the BBB level, and the credit outlook was revised from stable to positive.
The outlook was reviewed due to Brazil's economic performance and resilience in the face of the recession, which exceeded expectations, Fitch stated.
According to the agency, those aspects, together with Brazil's "relatively² prudent³ economic policies," can help improve the country's per capita income level and fiscal⁴ solvency（偿付能力） ratio.
Fitch added that it does not expect any major changes in the country's economic policy after the presidential elections, which are to take place in early October.
The agency expects the Brazilian economy to register（注册） a growth of 7percent this year, roughly the same projection⁵ made by the Brazilian financial institutions on Monday.
Fitch was the second of the world's three main credit rating agencies to grant Brazil an investment grade, in May 2008, months before the escalation⁶ of the international financial crisis. Standard and Poor's granted Brazil an investment grade in April 2008 and Moody's, in September 2009.(本文由在线英语听力室整理编辑) 

1 confirmation   

n.证实，确认，批准

参考例句：

• We are waiting for confirmation of the news.我们正在等待证实那个消息。
• We need confirmation in writing before we can send your order out.给你们发送订购的货物之前，我们需要书面确认。

2 relatively   

adv.比较...地，相对地

参考例句：

• The rabbit is a relatively recent introduction in Australia.兔子是相对较新引入澳大利亚的物种。
• The operation was relatively painless.手术相对来说不痛。

3 prudent   

adj.谨慎的，有远见的，精打细算的

参考例句：

• A prudent traveller never disparages his own country.聪明的旅行者从不贬低自己的国家。
• You must school yourself to be modest and prudent.你要学会谦虚谨慎。

4 fiscal   

adj.财政的，会计的，国库的，国库岁入的

参考例句：

• The increase of taxation is an important fiscal policy.增税是一项重要的财政政策。
• The government has two basic strategies of fiscal policy available.政府有两个可行的财政政策基本战略。

5 projection   

n.发射，计划，突出部分

参考例句：

• Projection takes place with a minimum of awareness or conscious control.投射在最少的知觉或意识控制下发生。
• The projection of increases in number of house-holds is correct.对户数增加的推算是正确的。

6 escalation   

n.扩大，增加

参考例句：

• The threat of nuclear escalation remains. 核升级的威胁仍旧存在。 来自辞典例句
• Escalation is thus an aspect of deterrence and of crisis management. 因此逐步升级是威慑和危机处理的一个方面。 来自辞典例句