Aegea Gets Another Downgrade
Aegea Saneamento, one of Brazil's largest water utilities, received a second S&P downgrade in three weeks, slipping to a B rating with a negative outlook. The downgrade follows the release of its delayed 2025 financials, which showed a debt‑to‑EBITDA ratio of 3.78, just under the covenant ceiling of 4. S&P warned that leverage is likely to stay elevated through 2026‑27 and that rising funding costs could force the company to seek covenant waivers or prepay debt. Access to capital markets may become constrained, jeopardizing Aegea's growth plan and projected EBITDA gains.
Markets Brush Off IMF Caution over Iran Shock
Investors shrugged off IMF warnings about a prolonged Iran war, pushing the S&P 500 past 7,000 and sending Brazil’s Bovespa to fresh highs. Latin American issuers returned to the market, highlighted by Brazil’s record €5 bn ($5.9 bn) Eurobond and a wave of...
CAF, CABEI Sign New Exposure Exchange Deal
The Development Bank of Latin America (CAF) and the Central American Bank for Economic Integration (CABEI) have signed a second exposure‑exchange agreement, extending the partnership first launched in 2023. The deal enables both institutions to swap portions of their loan...
Nutresa, Minerva Print Global Bonds
Grupo Nutresa, Colombia's leading food processor, closed a $600 million perpetual bond issuance priced at a 7.5% coupon, marking its first such instrument on the international market. Brazilian meatpacker Minerva Foods followed with a $400 million senior note, a five‑year bond that...
Mexico’s Plata Raises $405 Mln
Mexico’s fintech Plata announced a $405 million Series C round, positioning it as the most valuable privately held digital bank in Latin America. The capital infusion, led by a mix of existing backers and new strategic investors, brings the company’s total funding...
Robust Demand Greets Brazil’s Euro Bond Comeback
Brazil ended a 12‑year hiatus from the European bond market, issuing €5 billion ($5.9 billion) across three tranches. Investors placed roughly €15 billion ($17.7 billion) in orders, allowing the sovereign to price the 2030, 2033 and 2036 notes at yields of 4.24%‑5.63%, a spread...
JHSF Expands in Uruguay with Acquisition
Brazilian luxury developer JHSF has completed the acquisition of the Punta del Este hotel and casino from Chilean operator Enjoy, marking its entry into Uruguay’s high‑end tourism market. The transaction expands JHSF’s portfolio beyond Brazil, adding a flagship resort destination...
Risk of LatAm Fiscal Slippage Grows as Iran War Drags On
Latin American governments face mounting fiscal pressure as the protracted Iran‑Israel conflict keeps global oil prices elevated. Higher energy costs are eroding household purchasing power, prompting policymakers to consider subsidies that could swell public deficits. At the same time, many...
Oncoclínicas Moves Step Closer to Restructuring
Oncoclínicas, one of Brazil's largest private oncology networks, has moved a step closer to filing for bankruptcy protection by submitting a preliminary restructuring request to the courts. The company faces a debt burden exceeding $1.2 billion, which has eroded its liquidity...
UTE Drums up Funds for Solar Park
Uruguay’s state utility UTE tapped the domestic capital market to raise roughly $150 million through a 10‑year local‑currency bond, earmarked for a 150 MW solar park in the Salto region. The issuance was met with strong investor demand, closing at about 2.5...
Argentina Lands IBRD Loan
Argentina secured its first multilateral development bank loan of 2026 from the International Bank for Reconstruction and Development, a World Bank Group division. The financing is earmarked for infrastructure upgrades and broader economic recovery measures. The deal reflects Buenos Aires’...
CFE Hones Fund Plans for Mexico Power Expansion
Mexico’s state‑run utility Comisión Federal de Electricidad (CFE) is sharpening its financing strategy to support a major power expansion. Its investment arm plans to raise roughly $2.8 billion through a mix of equity and debt. The capital will back new generation...
Scotiabank Perú Readies New Local Issuance
Scotiabank Peru, the country’s fourth‑largest lender by loan portfolio, announced a new local bond program to raise up to $300 million. The issuance will be denominated in soles and targeted at domestic investors. The move aims to broaden the bank’s funding...
Arteris, Portobello Get New CEOs
Arteris, the Spanish‑controlled toll‑road operator in Latin America, announced the appointment of a new chief executive to steer its expanding network of highways. At the same time, Portobello, a leading regional ceramic‑tile manufacturer, named a fresh CEO to accelerate product...
Tecpetrol Gears up to Sell More Bonds
Argentine oil and gas producer Tecpetrol is preparing a new round of bond issuances to fund its $2.4 billion expansion in the Vaca Muerta shale basin. The company aims to tap both domestic and international investors after successfully closing a $1.5 billion bond...
ESSA Taps Bank Loan
Colombian power distributor ESSA has signed a 10‑year loan agreement with Bancolombia, securing long‑term financing to fund its grid expansion and modernization projects. The credit facility, structured as a syndicated bank loan, will be drawn over the decade to support...
FDN Backs Colombia Solar Park
Colombia’s development bank FDN has approved a multi‑year loan to fund a new solar park being built by US‑based Atlas Renewable Energy in partnership with local utility Isagen. The 100‑megawatt facility, located in the Cundinamarca region, will receive roughly COP 500 billion...
Embraer CFO Departs for Azul
Antonio Carlos Garcia, the chief financial officer of Embraer, has resigned to become the new CFO of Azul, Brazil's low‑cost carrier. Azul recently completed its Chapter 11 restructuring, positioning itself for growth in the domestic market. Garcia’s move signals a...
Actis Scouts for Fresh Renewables Projects in Mexico, Chile
Actis, the London‑based private‑equity firm with a $15 billion portfolio, is shifting focus to renewable‑energy projects in Mexico and Chile after exiting Peru’s largest power producer for roughly $1.2 billion. The firm’s North‑America director told LatinFinance the next investment wave will target...
Aena Wins Rio Airport Concession
Spanish airport operator Aena has secured the concession to run Rio de Janeiro’s main airport, marking its latest expansion into Brazil. Analysts note the bid was “surprisingly high,” estimated at roughly €1.5 billion (about $1.6 billion). The 30‑year agreement obliges Aena to...
LatAm Has Resource Buffer if Iran War Hurts Growth: BlackRock
BlackRock’s senior strategist says Latin America’s abundant metal reserves give the region a buffer against a potential global slowdown triggered by the Iran‑Israel conflict. The area’s copper, lithium and nickel supplies are essential for the AI‑driven hardware boom, providing a...
BBVA Perú Lines up Financing
BBVA Peru announced plans to secure up to $150 million in financing from a Spanish state‑owned lender. The loan is intended to bolster the subsidiary’s credit portfolio and accelerate its digital transformation initiatives. BBVA aims to use the funds to expand...
Marcopolo Picks up BNDES Loan
Brazilian bus maker Marcopolo has secured a loan from the state development bank BNDES to fund its export‑focused growth plan. The financing, whose size was not disclosed, will be used to upgrade production capacity and support new overseas contracts. Marcopolo...
América Móvil Buys Desktop
América Móvil announced the acquisition of a 73% stake in Desktop, a Brazilian internet service provider. The deal, terms undisclosed, gives the Mexican telecom giant a controlling interest in one of Brazil’s fastest‑growing broadband operators. By adding Desktop’s fiber and...
ISA Energia Heads Back to Brazil Bond Market
Colombian energy group ISA Energia is returning to the Brazilian bond market through its Brazil subsidiary, ISA Energia Brasil. The company plans to raise roughly $200 million via a new fixed‑rate bond issuance. Proceeds will fund expansion of solar and biomass...
Banco GNB Perú to Hit up Local Bond Market
Banco GNB’s Peruvian arm is preparing its first local‑currency bond issuance under a newly created bond program. The move marks the Colombian lender’s debut in Peru’s domestic debt market, aiming to raise capital for growth initiatives. By tapping local investors,...
Petrobras Awaits Antitrust Verdict on Braskem Deal
Petrobras is awaiting the Federal Competition Authority’s decision on its proposed acquisition of Braskem, a deal valued at roughly $10 billion. The antitrust review is expected to conclude in the second quarter of 2026. Simultaneously, the state‑controlled oil major confirmed it...
Garbarino Fails to Emerge From Bankruptcy
Argentina's leading electronics retailer Garbarino has officially failed to emerge from bankruptcy, after an exhaustive search for a buyer and a viable debt‑restructuring plan fell short. The company could not secure new financing or a strategic partner to address its...
Investors Welcome Bradesco Healthcare Shakeup
Brazilian financial giant Bradesco announced it will consolidate all of its healthcare holdings into a single, publicly listed division. The restructuring creates a dedicated health platform that will house hospitals, insurance operations, and ancillary services under one corporate umbrella. Investors...
Panama Seizes Two Canal Ports
Panama's government announced the seizure of two strategic ports along the Panama Canal, citing national security and revenue concerns. The move follows a series of regulatory actions aimed at tightening state control over critical infrastructure. Officials indicated that the ports...
Lundin Bags More Credit for Copper Project
Lundin Mining secured an additional credit facility to fund its flagship copper development, expanding the financing previously arranged for the project. The new credit line, sourced from a syndicate of international banks, adds $500 million to the existing $1.2 billion pool,...