Rating agency cites slowdown in the airline industry in Latin America, particularly Brazil
Tag: Moody’s
Posted inDaily Brief
Moody’s lifts Argentine quasi-sovereign, corporate ratings
Rating agency also upgrades Banco de la Nacion, YPF and Telecom Argentina
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Moody’s cuts Usiminas
Rating agency says steelmaker’s standstill agreement with lenders constitutes a default
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Moody’s upgrades Gildemeister
Rating agency says Chilean car seller has improved capital structure through bond swap
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Moody’s cuts Pemex
Rating agency says the Mexican state-owned oil company’s ratings are affected by weak credit metrics and adverse market conditions
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Moody’s cuts Andrade Gutierrez
Rating agency says corruption allegations and a downturn in the construction industry have hurt the Brazilian builder’s finances
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Moody’s downgrades Buenaventura again
Rating agency keeps the Peruvian miner’s ratings on review for downgrade, citing concerns over liquidity risk
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Moody’s downgrades Samarco
Rating agency says it is still uncertain if the Brazilian miner will resume operations after last year’s dam disaster
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Moody’s cuts Codelco
Rating agency says falling copper prices mean lower earnings and higher leverage levels for Chile’s state-owned copper miner