Ratings agency says the Brazilian airline runs the risk of default or a possible restructuring in one or two years
Tag: Fitch
Posted inDaily Brief
Fitch upgrades Cobre del Mayo after debt exchange
The Mexican copper miner does not have to make interest payments on the new notes until copper prices rise to $2.50 per pound
Posted inDaily Brief
Fitch says CSN could face restructuring
The rating agency deems the Brazilian steelmaker’s capital structure “unsustainable” in current market conditions
Posted inDaily Brief
Fitch cuts Usiminas by two notches
The rating agency says the Brazilian steelmaker will have a hard time making debt payments, unless it can refinance its short-term obligations
Posted inDaily Brief
Fitch downgrades USJ amid possible default
Brazilian sugarcane producer’s ratings fall three notches to CCC-
Posted inDaily Brief
Brazil’s Localiza sells bonds on local market
Car rental company will use the funds raised to bolster its cash position
Posted inDaily Brief
Fitch downgrades seven Brazilian states and cities
Ratings cut comes after Fitch cut to sovereign
Posted inDaily Brief
Fitch takes action on Brazilian banks
Ratings are cut after the sovereign is downgraded to junk