Daily Brief

Dec 23, 2014 Issue

S&P cuts El Salvador

Ratings agency S&P downgrades El Salvador’s long-term debt

Brazil downgrades continue as Moody’s cuts OAS

Moody’s downgraded OAS a notch to B2 on Friday, as investigations into corruption allegations at Petrobras hit related companies.

BanBif replaces CEO

Juan Ignacio de La Vega steps down after five years running the Peruvian bank

CVC buys Duotur control

Brazilian travel agency buys majority stake in business travel competitor

Talanx extends LatAm footprint

German insurer has reached an agreement to acquire Inversiones Magallanes in Chile

Herdez buys Nestle’s icecreams

Mexican packaged food and frozen yoghurt producer buys ice cream business

IDB approves three loans to Brazil

The Inter-American Development Bank wraps up three loan agreements to Brazil before the holidays

MLAs emerge on Metro de Santiago loan

MLAs emerge on Metro de Santiago’s syndicated loan

La Polar launches restructuring offer

Chilean retailer launches restructuring deal first outlined in August

Scotia buys Citi’s Peru consumer banking operations

Scotiabank has agreed to buy Citi’s consumer banking operations in Peru

KOF sees Asia opportunities, says Trevino

Mexico’s Coca-Cola Femsa could be tempted to buy more assets in Asia, after taking a stake in a Philippine company last year, its chief financial officer Hector Trevino h...