See Moody's Greater Credit Risk to the Consumption of Banks in Mexico; It Is because of the Economic Slowdown
3 Articles
3 Articles
The asset quality of Latin American banks is expected to remain under pressure due to weaker macroeconomic conditions, persistent inflation, and changes in credit dynamics, according to a report released this Tuesday (28) by Moody's Ratings. In Brazil, the agency highlights that families and businesses are facing a prolonged period of high interest rates and more selective banks, a scenario that puts pressure on debt refinancing and increases th…
For the qualifier, the economic environment in the country will remain a challenge for banks
The slowdown in the Mexican economy is beginning to be reflected in the quality of the bank’s consumer credit portfolio, Moody’s Ratings warned, noting that the country’s lower growth, coupled with an accelerated expansion of financing to households, has raised risks to the financial system. In an analysis of the quality of banks’ assets in Latin America, the qualifier explained that while Mexico maintains a relatively low level of household ind…
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