Credito Real’s dollar bonds fell 3-4% on Monday and are lower today. This comes after its downgrade by Fitch last week to BB from BB+ citing heightened pressures on capitalization, lower earnings generation and deteriorated asset quality metrics. The company’s bonds were hammered in the last couple of months after they adjusted their 2020 annual statements where they revised non-performing loans by 82%.
Credito Real’s Bonds Fall 3-4%
