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S&P sees slump in borrowing in 2021

S&P sees slump in borrowing in 2021

March 3, 2021
Rating agency expects commercial borrowing in LatAm and Caribbean to decline 5% to $458 bln in 2021

Credit Ratings S&P Global Loans Debt Bonds Fixed Income Corporate & Sovereign Strategy Capital Markets Latin America South America Argentina Belize Bahamas Brazil Chile Colombia Dominican Republic Mexico Peru Suriname Venezuela United States Coronavirus

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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