Coronavirus

S&P lifts Invepar from default rating

Credit Ratings S&P Global Upgrade

Brazilian infrastructure company rises to CCC+ after swapping debt for its stakes in two Rio subway concessionaires

Tecno Fast expands to Europe

Corporate & Sovereign Strategy M&A Chile

Chilean modular construction company pays $18 mln for Alco in Spain, following a deal in September to enter the US market

IFC brings other lenders to Odata loan

Loans Debt Technology

Itaú BBA and SMBC join a new eight-year, $30 mln tranche for the Brazilian data center operator

Chilean casino operators tie up merger

Corporate & Sovereign Strategy M&A Technology

Dreams and Enjoy will run 60% of the casinos in Chile and have operations around Latin America

CABEI grants first loan to Cuba

Loans Debt International Financial Institutions

Central American development bank supplies $53 mln to finance the production of COVID-19 vaccines

Argentina’s fiscal question holds up IMF deal

Corporate & Sovereign Strategy International Monetary Fund (IMF) Economy & Policy

Economy minister says advances have been made, but the pace for deficit reduction is still a sticking point

Enjoy to pull out of casino in Argentina

M&A Coronavirus Argentina

Chilean company enters deal to sell a majority stake in Cela in Mendoza to its business partners

Argentina finds funds for fiber optics, vaccines

Inter-American Development Bank (IDB) International Financial Institutions Loans

South America's second-largest economy takes out two loans for $100 mln each from the IDB and the EIB

M&A growth wanes in Brazilian healthcare sector

Corporate & Sovereign Strategy Equity M&A

Well-capitalized groups and investment funds have sustained M&A activity in 2021, but cross-border deals are declining, Deloitte says

Peru accepts IBRD loan

Corporate & Sovereign Strategy International Financial Institutions World Bank

South American country gets $68 mln to improve its response to public health emergencies

Mexico not expected to draw from IMF credit line

International Financial Institutions Economy & Policy Funds

Mexico has no need to tap a $50 bln FCL because it has enough reserves to face a crisis, analyst says

Moody's sinks Cuba deeper into junk territory  

Corporate & Sovereign Strategy Credit Ratings Downgrade

Rating agency downgrades the Caribbean nation as sanctions and the COVID-19 pandemic limit the government's ability to pay external debt

Genomma Lab may raise debt to produce vaccines

Debt Funds Latin America

Mexican pharmaceutical company forms a JV with Israel's Oramed to make and market oral COVID-19 vaccines in Latin America

Bolivariano borrows from IDB Invest

International Financial Institutions IDB Invest Inter-American Development Bank (IDB)

Ecuadorean lender gets an eight-year loan for $30 mln to increase financing for SMEs

IDB funds recovery in Colombia, Ecuador

Debt Loans Economy & Policy

US-based development bank lends $800 mln to Colombia and $500 mln to Ecuador along with a $400 mln contingency loan to Guatemala