Moody’s keeps a negative eye on credit in Latin America

Moody’s expected that the credit outlook for Latin America will remain negative for the next “12 to 18 months” due to the COVID-19 and this will affect sovereign issuers. According to the US firm, despite the growth outlook that points to an economic revival in 2021, “increasing social pressures will hinder governments’ ability to restore lost fiscal space”, which will put pressure on credit quality in the region.

Source: Ámbito