Latin Amer­i­can banks is­sue record lev­els of debt

The Pak Banker - - COMPANIES/BOSS -

Global rat­ing agency Moody's-rated banks in Latin Amer­ica have de­fied a de­clin­ing global trend for un­se­cured debt is­suance by is­su­ing a record $27.7 bil­lion in un­se­cured long term debt in 2012, says Moody's In­vestors Ser­vice in its spe­cial com­ment "Moody's Latin Amer­ica Bank Debt Report: Is­suance Rises, Buck­ing Global Trend." The record level of debt is­suance is a 13.6% in­crease from last year, said Jeanne Del Casino, a Moody's Vice Pres­i­dent -- Se­nior Credit Of­fi­cer and one of the au­thors of the report. Moody's notes that global debt is­suance de­clined by 6% as bank re­struc­tur­ings and delever­ag­ing, pri­mar­ily in the Euro zone, weighed on the mar­kets since the 2008-2009 fi­nan­cial cri­sis.

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