Panamanian bank struggling with weak asset quality, while Chilean telecom is losing leverage
Category: Downgrade
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Casas Bahia sinks as share sale flops
Brazilian retailer raises less cash than expected in follow-on offering
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Fitch downgrades Tigo Colombia
Rating agency cuts Millicom’s local unit as refinancing deadline looms
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Fitch warns of next downgrade for Totalplay
Rating agency says the Mexican telco has to refinance short-term debt and prepare to pay off its 2025 bonds
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Fitch downgrades, casts negative outlook on Pemex
Rating agency cuts Mexico’s state-owned oil company to B+ and questions the government’s willingness to help refinance debt
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S&P puts LAP in default after missed bond payment
Rating agency downgrades the Chilean power generator after a failure to make a $14 mln coupon payment on 2033 bonds
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Fitch downgrades Braskem Idesa on lower cash expectations
Rating agency cuts petchem joint venture to B+ with a negative outlook
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S&P downgrades Unicomer on refinancing needs
Salvadoran retail and consumer finance group’s ratings fall to B+ as it comes up on $350 mln in bonds that mature in 10 months
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S&P lists InterCement in default
Rating agency downgrades the Brazilian cement maker after it comes to a standstill agreement with bondholders
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Fitch puts Unigel closer to default
Rating agency doubts the Brazilian petchem company can generate enough cash, receive shareholder support or sell assets in time to meet debt payments