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Tag: Fitch Ratings

RIO DE JANEIRO, BRAZIL - Brazil's loss of investment grade rating (2015) and the pandemic (2020) did not close the capital markets to Brazilian companies. In that five year period, they raised US$99.5 billion abroad and US$176.8 billion at...
RIO DE JANEIRO, BRAZIL - InterCement has hired banks for an initial public offering (IPO) of its operation in Brazil, which aims to raise between US$500 million and US$1 billion, according to sources close to the matter. The cement maker...
RIO DE JANEIRO, BRAZIL - Peruvians will turn skeptically to a close presidential election disappointed by a recurring governance crisis, corruption cases against its last six heads of state, and the collapse of the economy due to the pandemic. The...
RIO DE JANEIRO, BRAZIL - Brazil has room to implement a modest-sized new emergency aid, Fitch Ratings' co-head of sovereigns for the Americas, Shelly Shetty, said during an online panel on emerging countries' ratings. Shelly pointed to a slightly better-than-expected...
RIO DE JANEJRO, BRAZIL - Brazil’s new bankruptcy law could lower recovery prospects for the debt of speculative-grade Latin American corporates and incentivize distressed issuers to negotiate pre-packaged arrangements in lieu of in-court restructurings, says Fitch Ratings. The method of...
RIO DE JANEIRO, BRAZIL - The Negative Outlook reflects Peru's weakened government balance sheet, deterioration of policy predictability as a result of congressional passage of populist measures in recent months, and Fitch's expectation of continuing challenges to reduce fiscal...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – As expected by many economists and feared by Brazilian government officials, another ratings agency has downgraded the country’s sovereign ratings. Fitch Ratings lowered Brazil’s rating from BBB to BBB-, one...

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