May 2, 2019 |
The loans market in Latin America faces a drop in deal activity in the second quarter this year amid growing uncertainty in Mexico and Brazil, LatinFinance has heard.
"There was a lot of activity in Q1, but things are starting to slow down," said a loans banker in New York. "Mexico still needs to figure out Pemex, and the Brazilian recovery is not moving as fast as people expected."
Santander Brasil, for one, has said lending growth could slow down this year on lower demand and rising competitio
Growing uncertainty in Mexico and Brazil leads to lower demand as some borrowers consider bonds instead, source says