SCORECARD PUBLIC CREDIT: Nimble and quick
This year’s ranking of Latin American public credit offices demonstrated an agile
and sophisticated approach to particularly difficult circumstances for emerging markets borrowers. By Miluska Berrospi
Several Latin American countries managed to navigate a
challenging global and domestic economic landscape to issue
landmark transactions in the debt capital markets in 2015. The
region’s sovereigns borrowed the equivalent of $27
billion, down $8 billion, or 22%, from 2014.
Exemplary Latin American public credit offices stood out for
finding opportune, though narrow, windows for borrowing,
garnering record-low pricing, breaking ground in foreign
currencies and diversifying their investor bases, among other
LatinFinance’s annual public credit scorecard
acknowledges outstanding performance among sovereign issuers
for acquiring low-cost funds, transparency with investors, an
acute sense of timing, innovation and sophistication in
transactions, diversity of funding sources, and progress in
expanding the investor base. The ranking is compiled by
conducting a series of extensive interviews with market
participants, analysts, bankers and ratings agencies.
Mexico’s public credit office, led by Alberto
Torres, leads LatinFinance’s 2016 scorecard for
the fifth consecutive...
Already have an account?
Subscribe now for unlimited access to all current and archive news, data and market analysis.
Take a free two-week trial now for the latest news, data and market analysis.