Sovereign credit ratings in Latin America and the Caribbean: Trends and impact on debt spreads
Due to historically low internal saving rates, access to external financing is very important to Latin America and the Caribbean (LAC), even more so in the context of the 2030 Agenda and the implementation of the Sustainable Development Goals (SDGs). Public financing falls short of what is needed fo...
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oai-11362-443362019-03-19T19:54:52Z Sovereign credit ratings in Latin America and the Caribbean: Trends and impact on debt spreads Bustillo, Inés Perrotti, Daniel E. Velloso, Helvia EVALUACION DE RIESGOS CREDITO CAPACIDAD CREDITICIA MEDICION DEUDA GESTION DE LA DEUDA RISK ASSESSMENT CREDIT CREDITWORTHINESS MEASUREMENT DEBT DEBT MANAGEMENT Due to historically low internal saving rates, access to external financing is very important to Latin America and the Caribbean (LAC), even more so in the context of the 2030 Agenda and the implementation of the Sustainable Development Goals (SDGs). Public financing falls short of what is needed for this task and must be complemented with private flows, which in fact make up the bulk of the region’s external financing. The credit quality of the sovereigns in the region has an important role in determining how costly the access to private external financing can be. This report examines the history of sovereign credit ratings in Latin America and the Caribbean, the evolution of credit quality, and the relationship between credit rating changes and the cost of accessing external financing reflected in the behavior of sovereign debt spreads. Abstract .-- I. Evolution of sovereign credit ratings .-- II. Impact of credit rating changes on debt spreads .-- III. Final thoughts. 2018-12-20T20:09:21Z 2018-12-20T20:09:21Z 2018-12-17 Texto Documento Completo http://hdl.handle.net/11362/44336 LC/TS.2018/107 LC/WAS/TS.2018/6 en Studies and Perspectives Series (Washington, DC) 18 .pdf application/pdf AMERICA LATINA Y EL CARIBE LATIN AMERICA AND THE CARIBBEAN ECLAC |
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Cepal |
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Cepal |
language |
English |
topic |
EVALUACION DE RIESGOS CREDITO CAPACIDAD CREDITICIA MEDICION DEUDA GESTION DE LA DEUDA RISK ASSESSMENT CREDIT CREDITWORTHINESS MEASUREMENT DEBT DEBT MANAGEMENT |
spellingShingle |
EVALUACION DE RIESGOS CREDITO CAPACIDAD CREDITICIA MEDICION DEUDA GESTION DE LA DEUDA RISK ASSESSMENT CREDIT CREDITWORTHINESS MEASUREMENT DEBT DEBT MANAGEMENT Bustillo, Inés Perrotti, Daniel E. Velloso, Helvia Sovereign credit ratings in Latin America and the Caribbean: Trends and impact on debt spreads |
description |
Due to historically low internal saving rates, access to external financing is very important to Latin America and the Caribbean (LAC), even more so in the context of the 2030 Agenda and the implementation of the Sustainable Development Goals (SDGs). Public financing falls short of what is needed for this task and must be complemented with private flows, which in fact make up the bulk of the region’s external financing. The credit quality of the sovereigns in the region has an important role in determining how costly the access to private external financing can be.
This report examines the history of sovereign credit ratings in Latin America and the Caribbean, the evolution of credit quality, and the relationship between credit rating changes and the cost of accessing external financing reflected in the behavior of sovereign debt spreads. |
format |
Texto |
author |
Bustillo, Inés Perrotti, Daniel E. Velloso, Helvia |
author_facet |
Bustillo, Inés Perrotti, Daniel E. Velloso, Helvia |
author_sort |
Bustillo, Inés |
title |
Sovereign credit ratings in Latin America and the Caribbean: Trends and impact on debt spreads |
title_short |
Sovereign credit ratings in Latin America and the Caribbean: Trends and impact on debt spreads |
title_full |
Sovereign credit ratings in Latin America and the Caribbean: Trends and impact on debt spreads |
title_fullStr |
Sovereign credit ratings in Latin America and the Caribbean: Trends and impact on debt spreads |
title_full_unstemmed |
Sovereign credit ratings in Latin America and the Caribbean: Trends and impact on debt spreads |
title_sort |
sovereign credit ratings in latin america and the caribbean: trends and impact on debt spreads |
publisher |
ECLAC |
publishDate |
2018 |
url |
http://hdl.handle.net/11362/44336 |
work_keys_str_mv |
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