Central American sovereign gains approval to amend pension certificates, putting it in default of an original restructuring agreement
Tag: credit ratings
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Moody’s downgrades Bandes Uruguay
Local bank gets cut to Caa1 from B3 due to continued dependency on its Venezuelan parent
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S&P downgrades Barbados
Caribbean sovereign issuer falls a notch to CCC due to soaring government debt and low international reserves
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Moody’s upgrades Honduras
Central American sovereign issuer gets bumped up a notch to B1 due to its stabilizing debt levels
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S&P upgrades Argentine power companies
Rating agency boosts both Edenor and Metro to B- from CCC+
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Fitch upgrades Enel Americas
Rating agency raises the power company BBB+ from BBB, tanks to strong business and geographic diversification
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Fitch rates San Juan
Argentine province has little debt but a weak economy and high infrastructure needs, rating agency says
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Fitch upgrades CABEI
Rating agency says Central American development bank has an “excellent” equity-to-assets ratio
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Moody’s upgrades Vale
Rating agency says the Brazilian miner will keep lowering debt through 2018
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S&P downgrades Guacolda
Chilean power transmission company goes down a notch to BB due to a prolonged deleveraging process