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