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| Brief Excerpt: | ...Fitch's Regional Outlook: Stable The Outlook for Latin American nonfinancial corporates is Stable for 2019. New governments are scheduled to take office in Mexico (BBB+/Negative) during December 2018 and Brazil (BB¡/Stable) during January 2018, with a new administration in place for Colombia (BBB/Stable) since August 2018. Notwithstanding potential impact to credit profiles as a result of changes to regulatory regimes, corporates generally exhibit robust liquidity and streamlined capital structures following three years of net downgrades, reflecting the various economic challenges across the region since 2015. Rating Trajectory: Static The pace of downgrades to upgrades was 1.5x as of YTD Oct. 31, 2018, slightly higher than 1.3x exhibited in 2017. Fitch Ratings anticipates the pace of downgrades to upgrades to remain relatively static in 2019 or even decline, as Brazil continues its economic recovery and operating environments improve. Stripping-out sovereign-related downgrades, the pace... |
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| Report Type: | |
| Company(ies) | Petroleos Mexicanos S.A. de C.V.
, Vale SA
, Petrleo Brasileiro S.A. - Petrobras
, Cemex, S.A.B. de C.V.
, Empresas Publicas de Medellin E.S.P.
, Digicel Group Limited
, Automotores Gildemeister S.p.A
, BRF S.A.
, Central American Bottling Corporation
, Petroleos del Peru Petroperu S.A. |
| Ticker(s) | BRFS3 , CEMEXA , PETR3 , VALE3 |
| Issuer | The Central America Bottling Corporation |
| Format: | | PDF |  |
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