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Fitch has downgraded Compania General de Electricidad (CGE) to BBB (stable) from BBB+ because of higher than expected leverage levels. “While it was expected a consolidat...
Brazil
US-based law firm Mayer Brown has formed an association with Tauil & Chequer (T&C), the Brazil-based practice, to jointly cover local clients. T&C will practice under the...
This is the last Daily Brief until January 4 2010. Happy holidays to all our readers.
S&P has raised its outlook on the Republic of Suriname’s B+ rating to positive from stable. "We revised the outlook to positive to reflect Suriname's strengthening macroe...
Caribbean
S&P has downgraded The Bahamas to BBB+ (stable) from A minus to reflect a weakened fiscal profile. "Its debt and deficits have increased, and the composition of its debt ...
M&A
GOL Linhas Aereas Inteligentes, the Brazil-based low-fare airline, has secured a $150m credit line to finance aircraft acquisition prepayments. The line through Natixis T...
France’s Alstom has signed a memorandum of intent with the government of the state of Bahia, Brazil, to install its first industrial wind turbine assembly facility in the...
Brazilian issuers have this week wrapped up debenture issues tight to initial pricing expectations. Toll-road operator Ecorodovias has priced a 3-tranche BRL600m deal. A ...
Mexico
The Mexican arm of HSBC has received MXP6.29bn through a capital increase by its UK parent company. The issue of 263m shares includes 244m F series and 20m B units at MXP...
Cemig Geracao e Transmissao, a unit of Brazilian utility Cemig, is planning to raise BRL2.7bn by issuing non-convertible debentures in 2 tranches. The first series will m...
Uruguay’s state-run power company Administracion Nacional de Usinas y Transmisiones Electricas (UTE) is selling $80m in 5 and 10-year bonds to local institutional investo...
At the end of an extremely challenging year for investment banks globally, there are two big surprises in LatAm. One is that the fee pool from core investment banking act...
The coming year will be an active one for the equity market, according to bankers. “A large pipeline is already building for the first quarter,” says a Brazil-based inves...