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Article: Fitch Upgrades Select Latin American Corporates Following Country Ceilings Revision.
- Article from:
- Business Wire
- Article date:
- August 17, 2006
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CHICAGO -- Fitch Ratings has upgraded the foreign currency issuer default ratings (IDRs) of selected Latin American corporates. These rating actions follow Fitch's upward revision of certain country ceilings.
Fitch has recently updated the methodology for assigning country ceilings as part of Fitch's regular and on-going review of its criteria and methodology. As a result of the review of the country ceiling methodology, the country ceilings on 40 countries out of a total of 99 have been revised upwards. The upward revision to Country Ceilings since they were first assigned more than two years ago reflects greater liberalization of capital and exchange controls ...