MercoPress. South Atlantic News Agency
Stories for January 25th 2025
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Saturday, January 25th 2025 - 10:36 UTC
Foreign travelers contribute significantly to Brazil's economy in 2024
Foreign travelers brought in US$7.341 billion in revenue to Brazil last year, the South American country's Central Bank (BCB) announced on Friday, citing a report from the Ministry of Tourism. These figures represented the best results in 15 years, and an increase of 6.28% compared to the US$6.907 billion in 2023.
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Saturday, January 25th 2025 - 10:00 UTC
Fitch downgrades Bolivia's credit rating
The international agency Fitch Ratings Friday downgraded Bolivia's status to “CCC-” and warned that corrective measures were needed urgently to avoid a deeper slide. In issuing its grades, Fitch took into account the unavailability of foreign currency and the country's poorly designed economic and fiscal policy.
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Saturday, January 25th 2025 - 09:29 UTC
Moody's improves Argentina's grades
The international credit rating agency Moody's Friday improved Argentina's long-term foreign and local currency issuer grades from Ca to Caa3 but warned that “there are still significant risks to the country's ability to cover upcoming external debt payments.”
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Saturday, January 25th 2025 - 09:21 UTC
New Uruguayan airline to make key announcements next week
The company willing to pick up Pluna's legacy as Uruguay's flag carrier will be making a series of announcements next week at Montevideo's Carrasco International Airport, just one year after revealing its plans. SUA (Sociedad Uruguaya de Aviación) is to start operations through a wet lease of airBaltic Airbus A220 aircraft, thus becoming the first airline in Latin America and the Caribbean to choose the Canadian-built narrow-body twin jet.
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