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Emerging MarketsEM LatAm

AlphaCredit misses coupon as analysts predict low recoveries

AlphaCredit, LatAm, default, trouble, impairment, write-down, 575, Mexico

Bondholders of Mexican payroll lender AlphaCredit are facing very low recoveries, say credit analysts, after the company failed to pay a $15m coupon payment due on June 19 on its senior secured 2022s.

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