- Published: May 2012
Industry Report Card: Latin American Consumer Product Companies' Stable Outlook Is About To Get Wobbly For The Lower Rated Entities Dec 11
- Published: December 2011
- Standard & Poors
Latin American consumer products companies have enjoyed a stable year, even through stubbornly high input costs and weakening, though still positive, consumer demand compared with 2010 growth rates. But, in Standard & Poor's Ratings Services' view, the credit quality for the speculative-grade companies is likely to begin to fade once the New Year's Eve fireworks have burned away. We have a stable outlook on 69% of our rated universe of 32 companies in the sector. However, our overall credit outlook on these companies is slightly negative compared with 2011, on weakening demand, squeezed export markets, and persistent inflation pressures. In particular, we further believe that less liquidity in the global financial markets could raise refinancing risks for companies in the...
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Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues. SHOW LESS READ MORE >
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