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.
Nonetheless, as capital markets become more difficult and the desire for risk by investors as well as banks is reduced, the need for funding may play a more important role in the next few months, commented Alexander Carpenter, Moody's credit official for Latin America.

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