Confident default swapping??

Another optimistic article highlighting the growth and anticipation of future growth in Brazil. In particular, it examines the lower price of credit default swaps in Brazil, which implies credit agencies are more confident they will receive payment.

Also the article contrasts the growth prospects of Brazil with the more mature markets of Europe.

April 30 (Bloomberg) -- Brazil’s credit rating, raised to investment grade two years ago, is poised to increase as the economy grows at the fastest pace since 2007, trading in credit- default swaps shows.

“If you look at the European economies, they’re clearly credits in decline and this is a credit on the rise,” Sebastian Briozzo, an S&P analyst, said in a phone interview from Boston.

Here is the full article