Moody’s and Fitch Ratings evaluate the ratings after Citi says it will sell its consumer banking business in Mexico
Category: Fitch Ratings
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Fitch ranks Quálitas as investment grade
Rating agency gives the Mexican insurance company a BBB- rating on “strong and stable” financial results
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Fitch returns Braskem to investment grade
Rating agency upgrades the Brazilian petchem company to BBB- after it paid off $1.7 bln in debt
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Fitch improves outlook for Uruguay
Rating agency cites the South American country’s “fiscal resilience” during the COVID-19, thanks to higher tax revenues and lower borrowing costs
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Fitch upgrades Cemex after debt reduction
Rating agency also gives a positive outlook to the Mexican cement company on expectations of “robust” cash flow
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Fitch downgrades Crédito Real
Rating agency also casts a negative outlook on the Mexican consumer lender on rising refinancing risks
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ISA arranges next bond sale
Colombian holding company, recently acquired by Ecopetrol, has hired Bank of America and HSBC to lead a deal for $400 mln, sources say
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Peru issues bonds for first time since downgrade
South American sovereign issuer prints a three-part deal for $4 bln, including $1 bln in 2072 sustainable bonds
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Albanesi’s power generators launch bond swap
GEMSA and CTR look to swap $387 mln in 2023 notes and loans for new 2027 bonds
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Fitch downgrades Peru on low growth prospects
Rating agency cuts the sovereign issuer by one notch to BBB as S&P casts a negative outlook on the country’s ratings