Standard & Poor’s has begun assigning recovery ratings to the debt of 16 speculative-grade-rated Mexican corporations, as global investors are forced to place more focus on the recovery of principal after a borrower’s potential default.
The new ratings measure the probability of an investor recovering principal and interest after a borrower defaults. S&P has already introduced similar ratings in the US and Europe; Mexico is the first country to receive the ratings in Latin America. Brazil could be next.
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