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Emerging MarketsEM LatAm

Coronavirus lands first Lat Am rating blow

Grupo Posadas, Hotel Gran Fiesta Americana, Mexico, hotel, resort, Baja California, LatAm

Mexican hotel operator Grupo Posadas became the first Latin American issuer to suffer a ratings action as a direct result of the Covid-19 coronavirus outbreak, with both tourism industry and capital markets conditions worsening while a bond maturity looms.

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