S&P joins Moody’s and lowers the Brazilian steelmaker deeper into junk territory
Tag: credit ratings
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S&P downgrades Cofide
Peruvian development bank gets cut a notch to BBB due to its deteriorating asset quality and increased non-performing loans portfolio
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Metro de Santiago gets downgraded
Fitch cuts the Chilean subway operator a notch after it lowered the sovereign’s credit rating to A from A+
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S&P downgrades Natura
Brazilian beauty products manufacturer gets dropped a notch to BB+ after it purchased The Body Shop
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Peru’s AIH gets cut again
Infrastructure investor and port operator gets downgraded for the second time in as many months due to its weak operating performance
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Fitch downgrades Chile
Sovereign issuer gets cut to A due to a prolonged period of economic weakness and lower copper prices
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Moody’s cuts Rodovias do Tiete
Brazilian highway operator gets downgraded a notch to Caa2 while its outlook remains negative
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Fitch downgrades AIH again
Rating agency cites poor results, high debt levels and negative cash flow as it drops the Peruvian holding company deeper into junk territory
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Moody’s downgrades CSN
Brazilian steelmaker has to consider asset sales, a capital increase or refinancing to reduce debt levels, rating agency says
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S&P upgrades Honduras
Rating agency lifts sovereign issuer to BB- due to improved fiscal flexibility and limited debt increases