Ratings agency cuts the sovereign deeper into junk as rising spending fuels its fiscal deficit
Category: Fitch Ratings
Posted inDaily Brief
Fitch downgrades Televisa
Mexican media company is suffering from weak earnings and subscriber losses
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Braskem Idesa downgraded on missed bond payment
Braskem’s Mexico-based petchem subsidiary could be nearing default after it missed a coupon payment, says Fitch
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Fitch downgrades Raízen
Agency says the Brazilian energy company is on the verge of losing its IG rating
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Banobras preps big sustainable bond in Mexico
Mexican development bank will use the proceeds for sustainable projects with a gender perspective
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Orbia, Ambipar suffer downgrades
Mexican plastics maker loses investment grade, while Brazilian waste manager is put on default status
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Guatemala eyes local currency international bond debut
Following July’s record $1.5bln bond sale, sovereign prepares quetzal-denominated issue as it seeks investment grade
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Costa Rica pushes for return to global bond markets
Congressional approval remains key hurdle as San José also eyes a green bond at home, finance minister says
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Guatemala on the cusp of reaching IG status after Fitch upgrade
Ratings agency lifted the country’s credit on solid growth, strong buffers and policy prudence
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Fitch downgrades Banco Master
Agency says tie-up with state-run BRB could have generated benefits for the digital lender but was blocked by the central bank