Ratings agency cuts the country’s credit rating one notch to A1 from Aa3
Tag: Moody’s
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Arauco earmarks billions for mill investment
Chile’s pulp and cellulose producer to increase output
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Moody’s returns Vale to investment grade
Higher production and lower debt lets the Brazilian iron ore miner stand up to price fluctuations in the commodities market, ratings agency says
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Sanepar designs bond sale
Brazilian water utility looks to fund investments with $67m in local notes
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Moody’s cuts JBS
Brazilian meatpacker falls to B3 from B2 as a result of the ongoing corruption investigation
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Moody’s upgrades Petrobras
Brazil’s energy company rides improving liquidity and reduced leverage to achieve a bump to Ba3 from B1
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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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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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Moody’s upgrades Arcos Dorados
McDonalds franchisee gets bumped up to Ba3 owing to recovering credit metrics and improved operating performance
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Moody’s cuts Colombian bank
GNB Sudameris goes down a notch to Ba2 due to a reduced chance of financial support from the government