Mexican textile company cut a notch to B due to its deteriorating operational performance
Tag: downgrade
Posted inDaily Brief
Fitch downgrades BCR
Costa Rican bank gets bumped down a notch after two board members resigned and the rest were temporarily suspended by the government
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S&P downgrades QGOG
Brazilian oil and gas driller feels the pinch of a weak marketplace and runs the risk of not meeting dividend payments next year
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Moody’s downgrades Bandes Uruguay
Local bank gets cut to Caa1 from B3 due to continued dependency on its Venezuelan parent
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Moody’s downgrades CSN
Brazilian steelmaker has to consider asset sales, a capital increase or refinancing to reduce debt levels, rating agency says
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S&P downgrades Chile
Slowing economic growth and a growing fiscal burden sees the sovereign issuer cut to A+ from AA-
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S&P downgrades Ecuador
Sovereign issuer gets cut one notch to B- due to higher fiscal vulnerabilities
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Moody’s downgrades Banco Original
Rating agency cuts Brazilian bank on the risk of contagion from corruption investigations at sister company JBS
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Moody’s downgrades Barbados
Rating agency warns the Caribbean island faces increasing chances of a default
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Moody’s downgrades Odebrecht
Rating agency cuts the Brazilian conglomerate’s ratings by one notch, citing “evolving reputational risks”