Rating agency also cuts aircraft manufacturer Embraer to BBB- on expectations of delayed deliveries during coronavirus outbreak
Category: Latin America
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Lojas Renner lines up local debt sale
Brazilian retailer plans to raise $96 mln to maintain “minimum strategic cash flow” after closing stores to stem the coronavirus outbreak
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Buenos Aires to restructure $7.15 bln in international bonds
Argentina’s biggest province asks investors to agree to a grace period, longer maturities and lower coupons
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FACTBOX 4/7/20: Latin America moves to mitigate impact of COVID-19
UPDATE 4/7: Colombia’s state-backed development bank launches $180 mln credit line
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Fitch puts Argentina in restricted default
Government plan to delay payments on local-law debt triggers decision, rating agency says
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Argentina postpones payment on local bonds
Government gains time to restructure $83 bln in external debt, sources say
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AMLO calls for new ‘Marshall Plan’ for coronavirus recovery
Mexican president says a support plan is needed for poor countries, rather than “predatory loans”
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Moody’s drops Argentina deeper into junk territory
Negative outlook reflects risk that investor losses in restructuring may go beyond 65%
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FACTBOX 4/6/20: Latin America moves to mitigate impact of COVID-19
UPDATE 4/6: “We have no other option but to increase debt,” Colombian FinMin says
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IMF could allocate SDRs for coronavirus response
Fund needs to think “beyond” what it has to get short-term liquidity to emerging markets, managing director says