new
or
You are here : Stone Home > Info Center > Financial News > Brazil's credit quality recovers to pre-crisis levels

Brazil's credit quality recovers to pre-crisis levels

Updated:2010-04-20 14:17:24

Brazil's credit quality has returned to pre-crisis levels, said a report released by the consulting company Serasa Experian on Monday.

The Serasa Experian indicator of the quality of the credit to consumers grew up 0.7 percent in the first quarter of 2010 compared with the previous quarter, said the report.

It reached 79.2 points, returning to the level registered in 2008, when the global financial crisis had not yet affected Brazil, said the report.

It was the second consecutive rise in the quarterly quality of credit figures, which reached a record low in the third quarter of 2009.

According to the report, the recent improvement of the country's credit quality is largely due to the recovery of the job market. The country's economy generated 995,000 jobs in 2009 and a record high of 657,200 jobs in the first quarter of 2010.

The rise should also be attributed to the fall of the interest rates during the second half of last year, which made financing operations become more accessible to people.

The indicator goes from zero to 100. The higher the value, the better the credit offered in the country.

 

 

 

Source:http://news.xinhuanet.com

Premium Related Products
Dark Emperador marble slab marble tile
Dark Emperador marble slab marble tile
Price:USD30-50 / square meter
Origin:0
Categories:Marble
Nanan Junli Stone Co.,ltd
ChinaChina
G603 chinese granite slab tile countertop
G603 chinese granite slab tile countertop
Price:USD15-25 / square meter
Origin:0
Categories:Granite
Nanan Junli Stone Co.,ltd
ChinaChina
G654 granite paving stone
G654 granite paving stone
Price:USD10-20 / square meter
Origin:0
Categories:Granite
Nanan Junli Stone Co.,ltd
ChinaChina
Browse by: Stone Manufacturers | All Products | For Buyers | For Sellers | Suppliers | Stonebtb.com International | Stonebtb.com China | Site Map
About Us | Stonebtb Service | Contact Us | Our Partners | Video | Exchange Link | Terms of Use
Copyright 2007-2018 Stonebtb.com All rights seserced