...Latin America Corporate Research Compendium 2015 Fitch Ratings anticipates multiple downward rating actions in 2015 within its portfolio of rated high-yield Latin American corporates. Corporates in the region are facing extremely difficult macroeconomic conditions. Consumer confidence is weak in many countries and corporate and personal taxes have been increasing. This research compendium highlights all topical reports published during the first seven months of 2015. Key publications embedded within this report are Fitch's comprehensive look at FX exposure in the region and Fitch's evaluation of the impact of currency depreciation on Brazilian exporters. Extensive Brazilian Exposure for Chilean Issuers Since 1990, Chilean companies have invested $100 billion abroad. Brazil was the most important destination for these investments, accounting for $26 billion. This report takes a detailed look at Chilean issuers' exposure to the rapid deterioration of macroeconomic conditions in Brazil. The...
