Corporate funding risk in the region grows
Difficulty in accessing funds on the part of issuing companies in Latin America increased last year, Moody's rating agency indicated.
Friday, October 3, 2008
Despite this, the agency emphasized that non-financial issuers in the region have a manageable exposure due to their access to local capital markets, their close relation with the banking sector and the relatively strong economic growth.
Limiting the debt of an issuer and an obligation to rate emissions are two of the requirements proposed by the regulator which have not been well received by the Panamanian securities market.
The company Vidriera Centroamericana SA will be taking out a bank loan to pay its corporate bonds listed on the stock market and is disenrolling as an issuer of public shares.
Between January and June registrations of securities issues amounted to $4.2 billion, up from the $2.944 billion recorded in 2015.
Companies registered with the Superintendency of Securities and Exchange in Panama will have to comply with standards of good corporate governance.
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