Fitch: LatAm High Yield Corporate Downgrades to Outpace Upgrades 3 to 1

CHICAGO–(BUSINESS WIRE)–Link to Fitch Ratings’ Report: Latin America Leveraged Finance Statistics (2016 First Half Review) https://www.fitchratings.com/site/re/889754 Year-to-date, 42 Latin American high-yield corporates have been downgraded, versus only 15 upgrades, according to a new Fitch Ratings report. “This pace of downgrades to upgrades is even higher at a ratio of 7 to 1 when excluding sovereign-related rating actions in Argentina and Brazil. Including all ratings, downgrades to upgra