LatAm's new issuers face FX pressures, Fitch says

LatAm's new issuers face FX pressures, Fitch says

Credit Ratings Fitch Ratings Bonds Debt Fixed Income Capital Markets Latin America Argentina Chile Peru United States Coronavirus

Latin America's first-time issuers in the cross-border bond market face rising debt costs as local currencies depreciate, but most of them are likely to withstand any short-term volatility, Fitch Ratings said in a report on Wednesday. Seven new issuers from four countries – Argentina, Brazil, Chile, Mexico and Peru – have raised around $4.6 billion in the international bond market in recent months, taking advantage of low interest rates to print notes with maturities from five to 10 years at cou

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