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Moody’s Chops Panama’s Newland

Apr 6, 2010

Moody’s has downgraded the ratings of Panama-based Newland to B2 from B1, citing recent construction cost increases, which has resulted in a...

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The most pressing issue is related to guaranteeing this growth of the system, the savings. We have to guarantee that this growth is followed by better asset managers on the side of the Afores.

Carlos Ramírez, Mexico’s pension regulator, Consar


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