Credito Real Announces Asset Sale

Credito Real Announces Asset Sale

Credito Real announced the sale of certain commercial assets of its SMEs. Proceeds will be used to repurchase bonds issued abroad. The company did not comment on the specific assets that will be sold, nor on the buyer or the amount of the transaction. “The decrease in...
Credito Real’s Bonds Fall 3-4%

Credito Real’s Bonds Fall 3-4%

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...
Credito Real Downgraded to BB

Credito Real Downgraded to BB

Fitch Ratings downgraded Credito Real’s long-term foreign and local currency issuer default ratings (IDR) and its global senior unsecured debt rating to BB from BB+. The ratings agency also downgraded its perpetual bonds’ ratings to B+ from BB- and affirmed its...
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