Urbi Misses Payment

Urbi Misses Payment

Mexico Bonds Corporate & Sovereign Strategy

Mexican homebuilder Urbi Desarrollos Urbanos will not make a $3.9m payment on its 2014 local bonds that was due April 30, it says. Last month, Fitch downgraded Urbi’s rating to C from CCC, on its failure to pay interest on its 2016 bonds. The move fo

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