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| Brief Excerpt: | ...Negative Rating Trends: Upgrades are expected to be rare during the next 12 months, while downgrades and Negative Outlooks are expected to continue. Sluggish economic growth and weak external conditions continue to pressure corporate credit quality. Seven issuers have a Negative Outlook; three are in the `BBB' category, one is in the `B' category, and the rest are `BB'. Solid Liquidity: Fitch Ratings expects corporate liquidity to remain strong; the median cash plus cash flow from operations (CFO)/short-term debt ratio was a healthy 5.6x as of 2014, which is an increase from 2.6x in 2010. Several companies issued debt in 2012 and 2013 to fund expansion projects. While many of the projects are complete, some have been placed on hold due to weak commodity prices and slow growth. Positively, Peruvian miners continue to hold significant amounts of cash as they confront falling copper and zinc prices. Scarce Market Activity: Fitch expects a dearth of debt issuances in 2015 and 2016 due to the... |
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| Report Type: | |
| Company(ies) | Southern Copper Corp
, Telefonica del Peru SAA
, Nautilus Inkia Holdings LLC
, Corporacion Lindley S.A.
, Volcan Compania Minera S.A.A.
, Grupo Embotellador Atic SA
, Ajecorp B.V.
, Corporacion Azucarera del Peru S. A.
, TIENDAS DEL MEJORAMIENTO DEL HOGAR SA
, Alicorp SAA
, Cementos Pacasmayo SAA
, Nexa Resources Peru SAA
, Gas Natural de Lima y Callao SA
, Transportadora De Gas Del Peru S.A.
, Consorcio Transmantaro S.A.
, Compania de Minas Buenaventura S.A.A.
, Andino Investment Holding SAA
, Minsur S.A.
, San Miguel Industrias PET S.A.
, Los Portales SA |
| Ticker(s) | AIHC1
, ALICORI1
, BUENAVC1
, CORLINI1
, CPACASC1
, MAESTRC1
, MILPOBC1
, MINSURI1
, PORTAC1
, SCCO
, TELEFBC1
, VOLCABC1 |
| Issuer | |
| Format: | | PDF |  |
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