Category: Corporate & Sovereign Strategy

Uruguay was able to avoid default earlier this year, but whether it simply prolonged the inevitable or truly preserved its good name remain to be seen.

Troubled Latin American companies increasingly are seeking to reorganize their finances under United States bankruptcy regulations. They provide more control and greater certainty for many companies than their home country’s insolvency laws.

During the 1980s, Martin Schubert managed to find opportunities in every corner in the defaulted debt markets of Latin America. Schubert, a pioneer in emerging market debt trading and chairman […]

It remains to be seen whether Latin America can break out of its cyclical history of excessive borrowing, default and financial rehabilitation – and achieve rapid, sustained growth.

In 2001, Argentine companies had almost no access to capital. The country was heading for default and banks began slashing corporate credit lines. Corporates also had little access to affordable […]

CAF, the regional development bank, addresses analysts’ concerns over the stability of its borrowers. CAF’s management says its preferred-creditor status is strong and sufficient to prevent a default on its loan portfolio.

Mexico comforts investors by being the first sovereign to put collective action clauses in a global bond. Whether the move will advance debate over sovereign debt restructurings remains to be seen.

AES Hits Second Default in Brazil The Brazilian subsidiary of global power company AES Corp. in late February defaulted on a $330 million payment due to the government’s BNDES development […]

Few Brazilian companies foresaw the severity of the credit crunch in 2002. Some managed to refinance their obligations in time, many others are fighting to avoid a debt restructuring. Last […]

Globopar Defaults Globopar, the financial arm of Brazilian media conglomerate, Organizações Globo, has defaulted on $1.5 billion in debt, because of Brazil’s falling currency and a stagnant advertising market. Rio […]