Venezuela

The Latin American sovereign credit space remains firmly in distressed territory, with risk premia across the board pricing in a far greater probability of default than in Q308. Stubbornly... 2008-11-25

On November 12 (see 'Debt: Short-Term Value In Venezuela'), we put out the view that the spread of Venezuela's US$ Global 27 over Russia's US$ Global 30 looked ripe for serious compression... 2008-11-18

The sovereign credit profile in Latin America has deteriorated markedly since the last edition of our proprietary risk ratings, to the point where the region's creditworthiness is... 2008-11-13

At first glance, there appears little to like about Venezuelan debt right now. The sovereign remains one of the riskiest plays in Latin America, especially given that Brent crude... 2008-11-12

BMI View: With global investors increasingly looking to unwind risky positions, sovereign credit spreads across the EM universe have shot up remarkably when compared to 12 months... 2008-09-25

We highlighted back in July, when the parallel exchange rate was trading at a high of VEF3.4000/US$, that the currency strength would be short-lived as it was not driven by fundamental... 2008-09-18

Global credit default swap (CDS) markets are experiencing an unprecedented re-pricing process. Under phenomenal stress from US financial market fissures, the unwinding of risk and... 2008-09-17

As we have repeatedly warned, these are dark days for Venezuela's fixed-income and credit default swap (CDS) markets and there is no sign of an end to asset underperformance, in our... 2008-09-15

BMI View: We have started to witness a spate of nationalisations, referenda and constitutional proposals across Latin America, which have started to dictate investor sentiment and... 2008-08-19

In spite of the remarkable economic resilience exhibited across the region earlier in the year, global headwinds have now started to damage the macroeconomic outlook in Latin America.... 2008-08-14