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S&P Credit Research4255 word report
published Sep 26, 2008
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S&P Credit Research
| Abstract: | Latin American economies have held up fairly well in 2008 despite increasingly strained and uncertain global economic conditions. Standard&Poor's Ratings Services now projects that Latin American real GDP growth (weighted average) will land at a still-healthy 4.6% this year versus 5.7% in 2007. Although growth has eased in a number of Latin American countries, the region benefited from high commodity prices and still-solid growth in emerging Asia, as well as strong domestic demand. In 2009, however, Standard&Poor's expects growth to slow further to 3.9% as difficult external conditions increasingly weigh on the region. Among the problems Latin America will face next year are a projected U.S. recession, which has growth bottoming out in fourth-quarter 2008 and
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| Brief Excerpt: | RESEARCH Ratings Definitions A Stronger Latin America Is Holding Up So Far, But Sustaining Growth Will Be Tougher In 2009 Publication date: 26-Sep-2008 Primary Credit Analyst: Lisa M Schineller, New York (1) 212-438-7352; lisa_schineller@standardandpoor...
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| Report Type: | Commentary
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| Sector: | Global Issuers, Public Finance, Structured Finance
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.