In addition, the report explores constraints that are likely to hinder some of the higher rated speculative grade Latin American sovereigns
from reaching investment grade status over the near term.
Price controls and export restrictions have been imposed to contain inflation pressures, though these have had a deleterious effect on investment in the industrial sector and inflation has nonetheless reached one of the highest rates of all rated sovereigns
NEW YORK -- Fitch Ratings has published its 'Latin American Sovereign
Review' and will hold a teleconference on April 20 at 10:00 a.
The suit seeks a declaratory judgment that Santander, alone or in concert with others, will obtain 20% or more of the voting power of Sovereign
and that the closing of the amended investment agreement constitutes a control transaction under the Pennsylvania Business Corporation Law.
Whether or not Latin sovereigns
can make better use of oil resources to improve creditworthiness will depend largely on politics.
NEW YORK -- Fitch Ratings has issued a special report, 'Latin American Sovereign
Review: January 2005,' with Fitch's forecast for sovereign
credit trends in Latin America for 2005.
The feedback we've received from customers, the FAA, and our sales team leads me to believe the Sovereign
will be one of Cessna's best selling business jets," said Cessna's Senior Vice President of Sales and Marketing Roger Whyte.
Fitch rates Mexico's foreign currency sovereign
obligations 'BBB-' and local currency (Mexican Peso) obligations 'BBB'.
Various emerging market sovereigns
have also seen their ratings or Outlooks upgraded by Fitch, while also enjoying the multiplier effect advantage as their upgrades often trigger upgrades in their respective banking sectors.
The Compania de Electricidad de San Pedro de Macoris project involves a political risk guarantee (PRG) from the Inter-American Development Bank, which if activated because of a failure of the government to meet its guarantee of the power purchase agreement, would compromise sovereign
11, 2005, when Fitch revised the Outlook on Brazil's 'BB-' sovereign
Issuer Default Rating to Positive from Stable.
Any Float of China's Currency Could Harm its Sovereign