The crisis has claimed some high profile Mexican corporate scalps. But there are still some stalwarts worth looking at, say analysts.
Category: Regions
Posted inMagazine
Mexico Local Markets: Reanimating Capital
Mexico’s markets are stalled, but investors remain confident about long-term prospects. Recovery will be painful, but perhaps include long-awaited structural changes.
Posted inMagazine
Mexico Private Equity: Stifled Opportunity
Mexico’s companies need private capital more than ever, while seller reluctance and lingering regulatory hurdles deter deals.
Posted inMagazine
Colombia: Ambition Costs
Colombia’s 55 trillion peso ($22 billion) infrastructure investment plan, launched to offset global recession, faces investor skepticism.
Posted inMagazine
Peru Assembles Growth
Peru’s construction industry is responding with gusto to a call from the government to keep building. The fastest-growing LatAm economy hopes to mitigate the pain of global crisis.
Posted inMagazine
DEBT: Mexico Rings Alarm
Mexico’s worst sovereign bond issue in years has unsettled the market and suggests more rough times ahead for LatAm issuers.
Posted inMagazine
Regional Growth: Buckling Under
LatAm is better prepared for global crisis, and appears relatively comfortable versus Eastern Europe. But it is being hammered more than initially expected.
Posted inMagazine
T&T Holdco Blows Up
The implosion of one of Trinidad and Tobago’s largest conglomerates deals a double blow to what until last year was among the Caribbean’s most prosperous nations.
Posted inDaily Brief
Belize Risk Seen Rising
Moody’s says that while Belize is better prepared to face economic challenges than in previous years, it still is highly vulnerable to global recession, given elevated debt. The agency says its recent upgrade to B3 from Caa1 was primarily driven by improvement in key debt indicators over recent years, which reduce the likelihood of imminent default. However, the country should see a significant slowdown in growth in 2009 and 2010 as tourism and oil – leading contributors to GDP growth – weaken. “It will be important for the current administration to focus on ensuring fiscal sustainability,” says Moody’s senior vice president Alessandra Alecci. “Despite the improvement in liquidity and maturity profile . . . Belize’s public debt burden remains onerous both in absolute terms and relative to peers, constraining policy-makers’ room for maneuver in the event of a shock,” she adds. Moody’s classifies Belize’s susceptibility to risk as very high by global standards, but does not expect it to face funding or severe liquidity problems.
Posted inDaily Brief
Colombian Financials Ready Domestic Bonds
Colombian mortgage securitizer Titularizadora Colombiana and state-owned development finance agency Findeter each plans to sell bonds in the local market next week, according to broker Correval, a bookrunner on both. Findeter plans to sell COP250bn ($97m) in credit deposit notes with maturities of 18 months to 5 years, priced at spreads to DTF and IPC. The AAA issue is set for March 11. Titularizadora plans to sell COP150bn in 10-year fixed-rate bonds backed by a portfolio of mortgages, in a sale expected March 12. Inflation stood at 7.18% in January on an annualized basis. The government’s target is 4.5%-5.5%.