Banks in Colombia would likely withstand a potential sovereign downgrade from its current low-tier investment grade, but they will continue to face strong headwinds in 2021 as loan pressures mount. The South American nation faces risks of a downgrade into so-called junk territory, as greater fiscal challenges and rising debt levels have brought the country…
Jair Bolsonaro’s ousting of the CEO of oil giant Petroleo Brasileiro SA Petrobras could signal greater political intervention in the Brazilian economy, a trend that will likely affect the perception of risk in the country, industry experts said. On Feb. 22, shares of state-controlled Petrobras tumbled 21.7% as investors assimilated the news that the CEO…
Investments in key sustainability sectors could help to strengthen the pace of Latin America’s economic recovery in a post-COVID-19 world, though the region needs to offer more ESG-qualifying assets to do so, experts say. Global funds that invest under ESG principals topped $1 trillion in assets under management amid the COVID-19 crisis, according to data…