Daily Brief

Dec 22, 2014 Issue

Fund losses ease

Equity and debt funds dedicated to Latam slow losses in week

Colombia holds at 4.5%

Central bank holds interest rates steady as terms of trade worsen amid oil price shock

Ostale to take reins at WalMex

Scot Rank steps down after five years leading the Mexican retailer

Fund outflows grow

LatAm equity funds sheltered from worst of emerging market exodus sparked by collapse of Russian rouble

Barbados cut on deficit worries

Caribbean sovereign cut to single-B

PDVSA cut as Vene concern advances

Venezuelan state oil company downgraded

BRF announces Indonesia JV

Brazilian food producer plans joint venture in Asia

Ecuador upgraded

Andean sovereign upgraded by Moody’s

Metro de Santiago closes loans

Chile’s subway operator Metro de Santiago closes two syndicated loans

Inbursa buys WalMex bank

Mexican lender buys Banco Walmart

Promecap closes CCD

Mexican financial advisor and services provider Promecap closes certificado de capital de desarrollo (CCD) transaction