The credit-risk rating agency Moody's insisted this week that Argentina's main concern for the foreseeable future was its domestic debt in local pesos while the country keeps swerving through its financial mercuriality in an electoral year.
According to the credit rating agency Moody's, a devaluation of around 20% of the Mexican peso against the US dollar would be imminent and might take place later this year or in early 2023, it was reported.
Credit rating consultants Moody's has warned that inflation and political risk will undermine Latin America's growth through 2023 amid recession both globally and in the region's main economies.
Although 76% of deposits in Uruguayan banks are in US dollars, credit rating consultants Moody's have said there was nothing to fear.
Moody's Investors Service, (“Moody's”) has changed the outlook to negative from stable on the Government of Chile and affirmed the A1 long-term local and foreign currency issuer and senior unsecured ratings, and the (P)A1 foreign currency senior unsecured shelf ratings.
Argentina’s US$ 65 billion debt restructuring agreement with bondholders will likely lead to credit upgrades but is far from ensuring the country’s longer-term economic future, rating agencies commented on Thursday.
Moody's downgraded Argentina’s credit rating on Friday, cutting it to Ca from Caa2 in a move that reflects the firm’s expectation that private creditors will incur losses as a result of the government’s efforts to restructure its sovereign debt.
Capital outflows from Brazilian asset markets and the Real's slide to new all-time lows against the U.S. dollar pose little threat to Brazil's sovereign credit profile, ratings agency Moody's said on Monday.
The Brazilian government’s commitment to getting public finances in order and maintaining strict fiscal discipline will lead to the country’s sovereign credit rating being upgraded, Treasury Secretary Mansueto Almeida said on Thursday.
Moody's on Friday downgraded the outlook for Britain's debt, citing mounting policy challenges amid the Brexit debate. The agency cut the outlook to negative from stable but kept the debt at the investment-grade Aa2.