Rating agency cuts the Mexican telco to BB- due to fewer government and corporate contracts
Category: Fitch Ratings
Posted inDaily Brief
Fitch assigns first-time rating to PRIO
Brazilian gas and oil company gets a BB- with a stable outlook thanks to modest production levels and plentiful oil reserves
Posted inDaily Brief
Fitch downgrades AySA for bond swap
Rating agency blames Argentina’s tight capital controls for forcing the water company into a “distressed debt exchange”
Posted inDaily Brief
Fitch drops Unifin to lowest level
Rating agency says Mexican non-bank lender has stopped paying debts and is not granting new loans
Posted inDaily Brief
Fitch predicts restructuring for Oi
Brazilian telco is looking to avoid insolvency as earnings and proceeds from asset sales fall short of debt servicing needs, rating agency says
Posted inDaily Brief
Fitch downgrades Engie in Chile
Rating agency cuts the French utility’s subsidiary to BBB on elevated debt levels
Posted inDaily Brief
Fitch cuts Argentina to CCC-
Rating agency cites “deep macroeconomic imbalances” and “highly constrained” liquidity as reasons for the downgrade
Posted inDaily Brief
Fitch rates Barbados, changes outlook for Peru
Rating agency gives the Caribbean nation a B rating as it casts a negative outlook on Peru
Posted inDaily Brief
Banobras prints sustainable bonds
Mexican development bank raises $374 mln in a three-part deal in the local market
Posted inDaily Brief
Brazilian bank profits may fall after election
Bank of America executive says an increased role for state-owned lenders could erode earnings in the sector, but not everyone shares the same concerns