Moody's Talks - Perspectivas Latinoamérica

Participants:  Ariane Ortiz-Bollin - Vice President - Senior Credit Officer, CSS, Moody’s Investors Service Valeria Azconegui - Head of Credit Standards, Moody's Local Eduardo Montes de Oca - Director - Regional Credit Officer, Moody's Local Related Research: Domestic issuance in Latin America will continue to overshadow cross-border markets amid rate uncertainty (Moody's Local)

Participants:  Ariane Ortiz-Bollin - Vice President - Senior Credit Officer, CSS, Moody’s Investors Service Martina Gallardo Barreyro - Vice President - Senior Credit Officer, Moody's Investors Service Alexandre Albuquerque - Vice President - Senior Analyst, Moody's Investors Service Adrian Garza - Vice President - Senior Credit Officer, Moody's Investors Service Related Research: Governments, companies more financially constrained for strong El Niño than in 2016 (Moody's Investors Service)  

Participants:  Marcos Schmidt - Associate Managing Director, Moody’s Investors Service Barbara Mattos -  Senior Vice President, Moody's Investors Service Alexandre Albuquerque - Vice President - Senior Analyst, Moody's Investors Service Cristiane Spercel - Senior Vice President, Moody's Investors Service Related Research: Governments, companies more financially constrained for strong El Niño than in 2016 (Moody's Investors Service)

Participants: Ariane Ortiz-Bollin, Vice President - Senior Credit Officer, CSS, Moody’s Investors Service Diego González, Assistant Vice President - Analyst, PPIF, Moody's Investors Service Maria del Carmen Martinez-Richa, Vice President - Senior Analyst, Sub sovereign, Moody’s Local Alfredo Coutiño, Economic Director LatAm, Moody’s Analytics Related Research: Nearshoring boost manufacturing and real estate, but structural barriers limit potential (Moody’s Investors Service) Sub-Soberanos: Varios ganadores con la inversión de Tesla (Moody’s Local)   

Participants: Ariane Ortiz-Bollin, Vice President - Senior Credit Officer, Moody’s Investors Service Ceres Lisboa, Associate Managing Director, Moody’s Investors Service Martina Gallardo Barreyro, Vice President - Senior Credit Officer, Moody’s Investors Service Adrian Garza, Vice President - Senior Credit Officer, Moody’s Investors Service   Related Research: Emerging Markets – Latin America & Caribbean: Unsettled macro risks greater for consumer sectors than for exporters, utilities or banks

Participants: Marcos Schmidt, Associate Managing Director, Moody’s Investors Service Barbara Mattos, Senior Vice President, Moody’s Investors Service Cristiane Spercel, Senior Vice President, Moody’s Investors Service Daniel Girola, Vice President - Senior Analyst, Moody’s Investors Service   Related Research: Emerging Markets – Latin America & Caribbean: Unsettled macro risks greater for consumer sectors than for exporters, utilities or banks

Participants: Ariane Ortiz-Bollin, Vice President - Senior Credit Officer, Moody’s Investors Service Felipe Carvallo, Vice President - Senior Credit Officer, Moody’s Investors Service Marcelo De Gruttola, Vice President - Senior Analyst, Moody’s Investors Service Rodrigo Marimon, Analyst, Moody’s Investors Service Related Research: Argentina: Weak operating conditions and high sovereign exposures drive negative outlook Brazil: Stable outlook backed by resilient credit fundamentals against rising asset risks Central America & Caribbean: Sound loan quality and steady funding drive a stable outlook for the region Chile: Solid credit fundamentals will balance out macro risks and strains on profitability Colombia: Sustained earnings and capital keep system stable against macro turbulence Mexico: Sound performance maintains stability despite economic imbalances Panama: Economic recovery limits asset risks, helps support profitability and stable outlook Paraguay: Steady profitability and contained asset risks in a recovering economy Peru: Sturdy profits and loan diversification mitigates political and asset risks Uruguay: Solid capital and earnings maintain stability as asset risks slowly rise Contagion effect of US bank closures will be limited for LatAm banks Banks – Mexico: How challengers are unlocking Mexico's underserved credit market Banking – Global: Fintechs lose financial footing, tipping scales in favor of incumbents, for now

Participants: Marcos Schmidt, Associate Managing Director, Moody’s Investors Service Alexandre Albuquerque, Vice President - Senior Analyst, Moody’s Investors Service Daniel Girola, Vice President - Senior Analyst, Moody’s Investors Service Lucas Viegas, Vice President - Senior Analyst, Moody’s Investors Service Related Research: Brazil: Stable outlook backed by resilient credit fundamentals against rising asset risks Chile: Solid credit fundamentals will balance out macro risks and strains on profitability Colombia: Sustained earnings and capital keep system stable against macro turbulence Mexico: Sound performance maintains stability despite economic imbalances Peru: Sturdy profits and loan diversification mitigates political and asset risks Argentina: Weak operating conditions and high sovereign exposures drive negative outlook Panama: Economic recovery limits asset risks, helps support profitability and stable outlook Paraguay: Steady profitability and contained asset risks in a recovering economy Uruguay: Solid capital and earnings maintain stability as asset risks slowly rise Central America & Caribbean: Sound loan quality and steady funding drive a stable outlook for the region Contagion effect of US bank closures will be limited for LatAm banks Banks – Brazil: Surge in household debt burden will prolong asset risk pressures beyond 2023 Banks – Brazil Pilot framework for Brazil's digital currency limits disintermediation risks

Moody’s analiza las implicaciones crediticias de los disturbios políticos y sociales en Perú, cómo se comparan con los eventos recientes en Brasil y las dificultades crediticias en Argentina. Related  research: Government of Argentina: External market debt buyback amounts to a distressed exchange Government of Brazil: Brazil's political polarization is credit negative

CFG Outlook 2023 (ES)

CFG Outlook 2023 (PT)

Gersán Zurita, estratega crediticio en Moody's para Latinoamérica, y Adrián Garza, analista de empresas de infraestructura en la región discuten con Ceres Lisboa el panorama inflacionario en LatAm. 

Marcos Schmidt, diretor da equipe de análise de empresas não financeiras da região, fala sobre preços altos de "commodities", inflação e os efeitos na qualidade de crédito das empresas con o Erick Rodrigues, analista sênior de empresas não financeiras e o Lucas Viegas, analista sênior de instituições financeiras. 

Retos y oportunidades de los mercados financieros y sistemas bancarios de México y otros mercados emergentes de Latinoamérica