Latin American borrowers face higher costs

Latin American borrowers face higher costs

Economy & Policy Bonds Debt Moody's Investors Service Fixed Income Loans Latin America

Latin American borrowers face higher borrowing costs over the next year or so, in particular in international markets, as rising inflation pushes up interest rates worldwide and banks in the region pull back from making higher-risk loans, analysts at Moody’s Investors Service said on Thursday. The biggest driver of the rising cost of money is the increase in US Treasury yields, which rose to an average of 3.4% to 3.5% in September from 0.9% in 2020, Renzo Merino, a senior sovereign risk analyst

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