Gol launches exchange as Lat Am distress mounts

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Gol launches exchange as Lat Am distress mounts

GOL
An aircraft of the Brazilian airline GOL parks at the terminal of the airport in Natal, Brazil, 7 December 2013. Photo: Marcus Brandt/dpa | Marcus Brandt/DPA/Press Association Images

Brazilian low-cost airline Gol received a triple downgrade this week after announcing a bond exchange that rating agencies qualified as distressed in what has become a familiar story for Latin American corporate credits.

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