S&P sees slump in borrowing in 2021

S&P sees slump in borrowing in 2021

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Gross commercial borrowing in Latin America and the Caribbean will likely decline 5% year-on-year to $458 billion in 2021 with Brazil accounting for 56% of the market, S&P Global Ratings said in a report. Borrowing in Brazil will likely increase by $76 billion in 2021, trailed by "modest increases" in Colombia, Chile and Peru, but it will likely fall by $11.5 billion in Mexico and by $6.2 billion in the Dominican Republic, according to S&P. Sovereign issuers in Latin America and Caribbea

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