Market presses for pragmatism in Bolivia

Bonds Capital Markets Debt

Analysts worry that President-elect Luis Arce will fail to rein in spending, but others say he will reassure investors with sound policies

Fitch downgrades Bolivia on deteriorating growth prospects  

Capital Markets Corporate & Sovereign Strategy Fixed Income

Rating agency puts the country deeper into junk territory with a B rating and a negative outlook

Moody's cuts Bolivia to B2  

Bonds Debt Corporate & Sovereign Strategy

Ratings agency cites erosion of fiscal and currency reserve buffers, weak hydrocarbon sector

IDB subsidzies small business loans in Bolivia  

Loans Economy & Policy Debt

Development bank says a $130 mln loan could benefit 12,000 MSMEs hit by the COVID-19 pandemic

Jamaica gets $520 mln in IMF emergency funding  

Debt Corporate & Sovereign Strategy Loans

World Bank approves $254 mln for cash transfers to low-income households in Bolivia

Fonplata finds funding for coronavirus response  

Loans Debt Corporate & Sovereign Strategy

Bolivia-based development bank gets $130 mln from Uruguay's central bank to cover emergency loans

Fonplata funds small businesses in Uruguay  

Coronavirus Loans Economy & Policy

Río de la Plata development bank grants a $15 mln loan to protect SMEs from the coronavirus outbreak

CAF lends to BBVA in Mexico

Loans Project & Infrastructure Finance Economy & Policy

South American development bank also receives $160 mln from France's AFD to fight global warming

LatAm issuers test resilience as local currencies fall

Asset Management Bonds Debt

International investors will demand higher yields to cover additional risk, but some corporate borrowers can turn to local bond markets, sources say

Moody's downgrades Bolivia

Bonds Debt Capital Markets

Rating agency cites erosion in fiscal savings and foreign exchange reserves as it cuts the country to B1 from Ba3

Fitch downgrades CAF

Debt Capital Markets Loans

Rating agency cuts the South American development bank to A+ on exposure to Venezuela, Argentina and Bolivia

S&P casts negative outlook on Bolivia

Bonds Debt Capital Markets

Rating agency says it could downgrade the Andean country within 18 months if poor economic growth prospects persist

CAF issues first green bonds in euros

Bonds Debt Capital Markets

South American development bank receives €1.2 billion in orders for €750 million in seven-year notes

Fonplata discusses new financing program for Argentina

Loans Debt Project & Infrastructure Finance

Regional development bank could provide $1 bln in funding during the administration of President-elect Alberto Fernández

Political change in Bolivia heartens foreign investors

Economy & Policy Bonds Debt

Next administration has to cut spending and lower debt to regain credibility and set up a possible return to the cross-border bond market, according to sources