[Brazil] - Fitch's Mixed Financial Outlook for Latin America in 2024

INSUBCONTINENT EXCLUSIVE:
financial trends.In its recent report, Fitch identifies varying scenarios across countries
debt maturities, a situation stemming from past debt struggles in 2020-2021.Argentina also grapples with high inflation and a looming
This optimism is based on expected operational performance recovery after the setbacks of 2022-2023.The improvement is likely due to a
It cautions that low economic growth could impact operational revenue dynamics in both countries.This might negatively affect their
operational balances, especially if effective spending controls are not implemented.In Colombia, new administrations are focusing on local
development plans
Conversely, in Mexico, upcoming local elections add another layer of complexity.These elections could challenge the maintenance of balanced
budgets and heighten refinancing risks, particularly due to regulations on short-term debt.This mixed financial outlook by Fitch underscores
the diverse economic landscapes across Latin American countries.It highlights how political changes, past debt crises, and economic growth