FOREX TradingCharts.com

Financial News: PETROBRAS: Company Leads Latin American High Yield Issuanc

PETROBRAS: Company Leads Latin American High Yield Issuances In 2017 - Moody's

02/07/2018 - 15:43:00 (RTTNews)

(RTTNews) - Rated high yield corporate issuance volume in Latin America peaked at US$ 27.2 billion in 2017, up from US$ 22.3 billion in 2016, and was led by Petrobras, said Moody's Investors Service in its quarterly report on the issue.

Issuance volumes remain heavily concentrated and were led by Petrobras, according to the Latin America High-Yield Chart Book. The Brazilian state-owned oil company comprised 65% of all Latin non-financial issuances over last year, with US$ 17.6 billion in debt issued in 2017.

Still, there were 33 issuances from 24 different companies in 2017, up from 24 deals from 15 issuers in 2016, Moody's said.

"Furthermore, the improved credit profiles of issuers resulted in average lower coupons and average higher tenors, with a higher concentration of issuances placed at seven or more years," said the report

The credit risk rating agency expects high-yield issuances in the region to remain strong, supported by the global search for yields.

"Companies rated Ba, and higher will continue to benefit most from investor appetite. However, refinancing needs will be low in 2018, with just US$ 3.9 billion in debt maturities to be absorbed by the markets. From that total, oil and gas companies YPF, Petrobras, and PDVSA represent 43%," Moody's noted.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2018 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Portugal Inflation Slows For Second Month (15 hr(s), 53 min(s), 09 sec(s) ago)
(RTTNews) - Portugal's consumer price inflation eased for the second straight month in January ...Full Story»

Latvia Inflation At 14-Month Low (16 hr(s), 05 min(s), 09 sec(s) ago)
(RTTNews) - Latvia's consumer price inflation eased for the fifth successive month in January ...Full Story»

OECD Unemployment Rate Falls In December (16 hr(s), 06 min(s), 09 sec(s) ago)
(RTTNews) - The unemployment rate in the Organization for Economic Cooperation and Development are ...Full Story»

China's Bank Lending At Record High (16 hr(s), 35 min(s), 09 sec(s) ago)
(RTTNews) - China's banks lent a record amount of new yuan loans in January, data from the Peo ...Full Story»

UK January Household Spending Fall First In 5 Years: Visa Survey (18 hr(s), 10 min(s), 09 sec(s) ago)
(RTTNews) - UK household spending declined at the start of the year, which was the first January d ...Full Story»

Swiss Inflation Slows In January (18 hr(s), 57 min(s), 09 sec(s) ago)
(RTTNews) - Switzerland's consumer price inflation slowed in January, data from the Federal St ...Full Story»

Singapore Visitor Arrivals, Tourism Receipts Hit Record Highs In 2017 (19 hr(s), 08 min(s), 09 sec(s) ago)
(RTTNews) - Singapore's both tourism receipts and visitor arrivals attained record highs for t ...Full Story»

Romania Industrial Production Grows Sharply In December (19 hr(s), 57 min(s), 09 sec(s) ago)
(RTTNews) - Romania's industrial production expanded markedly at the end of the year, mainly d ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Portugal Inflation Slows For Second Month

02/12/2018 - 06:39 AM (RTTNews)
(RTTNews) - Portugal's consumer price inflation eased for the second straight month in January ...Full Story>>

Latvia Inflation At 14-Month Low

02/12/2018 - 06:27 AM (RTTNews)
(RTTNews) - Latvia's consumer price inflation eased for the fifth successive month in January ...Full Story>>

OECD Unemployment Rate Falls In December

02/12/2018 - 06:26 AM (RTTNews)
(RTTNews) - The unemployment rate in the Organization for Economic Cooperation and Development are ...Full Story>>

China's Bank Lending At Record High

02/12/2018 - 05:57 AM (RTTNews)
(RTTNews) - China's banks lent a record amount of new yuan loans in January, data from the Peo ...Full Story>>

UK January Household Spending Fall First In 5 Years: Visa Survey

02/12/2018 - 04:22 AM (RTTNews)
(RTTNews) - UK household spending declined at the start of the year, which was the first January d ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.