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Urbi Drops Out of B Range

Mar 4, 2013

Fitch has downgraded Mexican homebuilder Urbi Desarrollos Urbanos (Urbi)’s rating to CCC from B, citing a liquidity decline and negative cash flow, that have greatly increased the...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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