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6 results for “Fitch”
Wall Street moved on Brazil in September. Fitch is watching the other side
In one month, the share of Latin American fund managers bullish on Brazilian stocks went from 34% to 73% in Bank of America's survey. Morgan Stanley raised its Petrobras target and BlackRock launched a Brazilian bond fund in Europe. Fitch, meanwhile, warns that high interest rates are driving more defaults and downgrades.
Fitch Upgrades Brazilian Aircraft Giant Embraer Further Into Investment Grade
Fitch raises Embraer's rating to 'BBB' with a Stable Outlook, citing its record $34.5 billion order backlog.
Braskem Idesa Files Pre-Packaged Chapter 11, Forcing $476 Million Cash Call on Stressed Brazilian Parent
Brazilian petrochemical giant Braskem must inject $476M into its Mexican unit, Braskem Idesa, which filed for Chapter 11 to cut $920M in debt.
Fitch Upgrades Rio de Janeiro Credit Rating to Highest 'AAA(bra)'
Fitch Ratings has elevated the City of Rio de Janeiro's national credit rating to the highest possible level, signaling a major fiscal turnaround.
Valuation Gap Widens for Auren (AURE3) After Fitch Negative Outlook on Leverage Trajectory
Analysts estimate a high implied IRR for Auren Energia (AURE3) as stock drops; Fitch's Negative Outlook is tied to slower deleveraging.
Braskem Debt Ratings Cut to Default Following Court Ruling
S&P and Fitch downgraded Braskem to default levels after a São Paulo court suspended its debt payments, warning secondary market bondholders of restructuring risks.