Argentine water company’s ratings fall to CC on expectations of a “distressed debt exchange” by February, rating agency says
Category: Fitch Ratings
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Fitch upgrades Hipotecario
Ratings agency gives the Argentine lender a CCC- on lower debt and higher earnings
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Investors shrug off downgrades for El Salvador, Chile
Bond buyers say the moves were expected as Fitch drops El Salvador to CCC and Moody’s cuts Chile to A2
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Fitch ranks Córdoba above sovereign
Rating agency upgrades the Argentine province to CCC+ and says it has no need to refinance debt in the next two years
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Gtd lines up local bond sale
Chilean telco holding company plans to raise $74 mln to refinance debt
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Fitch downgrades Mexarrend
Rating agency cuts Mexican asset-based lender to Ba1 on concerns it cannot pay bonds that mature in 2024
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Fitch downgrades Petroperú again
Rating agency cuts Peru’s state-owned oil refiner to BB+ on concerns it cannot pay back outstanding loans
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Fitch ranks CMPC owners as investment grade
Rating agency assigns a BBB to Pasur and Minera Valparaíso on stable returns from “strong” investments
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Unifin suffers downgrades after halting debt payments
S&P, Fitch and PCR Verum cut the Mexican non-bank lender’s ratings after it warns of missing bond payments
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Fitch downgrades Enel Américas
Rating agency cuts the Italian utility company’s Santiago-based subsidiary to BBB+ due to “exposure” to non-investment grade markets