Mexico

Moody's downgrades five banks in Mexico

Capital Markets Debt Fixed Income

BBVA, Santander, Nafin and Bancomext get cut to Baa1 for their ties to the sovereign

Mexico sells $6 bln in bonds for coronavirus response

Bonds Debt Capital Markets

Sovereign issuer fields $28.5 bln in orders in a three-part deal after downgrades last week

Fitch downgrades Braskem Idesa

Bonds Debt Capital Markets

Rating agency cuts the Mexican petrochemical company on higher risks from a supply contract with Pemex

Moody's cuts IEnova, puts negative outlook on Fermaca

Capital Markets Fixed Income Energy

Midstream companies pay for their ties to state-owned entities Pemex and CFE, according to rating agency

EDP Renováveis looks for loan in Mexico

Project & Infrastructure Finance Loans Debt

Portuguese renewable energy company seeks at least $100m for Los Cañones wind farm

América Móvil buys back convertible bonds

Asset Management Bonds Debt

Mexican telecom repurchases $1.4 bln in zero coupon notes due this year

Idesa sweetens swap for bondholders

Asset Management Bonds Debt

Mexican petrochemical company offers to increase the coupon on new 2026 notes after two years

Mexico and Pemex credit ratings cut by Moody's and Fitch  

Capital Markets Fixed Income Energy

Fitch Ratings also downgrades CFE, IEnova and Cometa following the recent cut in Mexico's sovereign ratings

Mexico increases small business loans

Economy & Policy Loans Debt

Government plans to begin disbursing the loans on May 4, AMLO says

Fitch lowers Mexico's credit rating to BBB- on recession outlook

Debt Capital Markets Corporate & Sovereign Strategy

Mexico is a step away from junk; already fragile business climate seen hampering recovery from pandemic

EDF faces uncertainty with wind project in Mexico

Project & Infrastructure Finance Loans Energy

French utility had sought $300 mln in financing for the long-delayed project

Santander México breaks cross-border ice with five-year bonds

Asset Management Bonds Debt

Mexican lender tightens the coupon on $1.75 bln in new notes to 5.375% from IPTs in the 6% area, sources say

IIF sees 'deep recession' in LatAm this year

Economy & Policy Corporate & Sovereign Strategy Debt

Extended lockdowns will lead to a 4.5% drop region-wide in 2020, larger than the last global financial crisis

Santander México breaks cross-border ice with five-year bonds

Bonds Debt Capital Markets

Mexican lender tightens the coupon on $1.75 bln in new notes to 5.375% from IPTs in the 6% area, sources say

Moody's downgrades Banco Azteca

Loans Debt Capital Markets

Rating agency says the Mexican lender faces lower profits after writing off a large corporate loan