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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Autores principales: Bustillo, Inés, Perrotti, Daniel E., Velloso, Helvia
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Lenguaje:English
Publicado: ECLAC 2018
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Acceso en línea:http://hdl.handle.net/11362/44336
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spelling 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
institution Cepal
collection 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
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AT vellosohelvia sovereigncreditratingsinlatinamericaandthecaribbeantrendsandimpactondebtspreads
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