Lat Am corps take liquidity measures as refi risks loom
Latin American corporates from across the rating spectrum are taking a range of measures to protect their liquidity in the face of the Covid-19 slowdown, but analysts suggest several defaults are inevitable as the region is hit on several fronts.
With Fitch on Monday issuing warnings about risks presented by imminent bond maturities in Lat Am and JP Morgan having increased its EM default forecast on Friday, even the region’s most established borrowers are taking precautions.Brazilian Suzano, the world’s largest pulp and paper producer and one of the ...
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