EMTA Panel on Mexico’s Corporate Sector Troubles: Investment Implications and Forecasts
On May 11, 2009, EMTA hosted a panel on Mexico’s Corporate Sector Troubles: Investment Implications and Forecasts. This event was held at EMTA’s offices in NYC. The keynote speaker, Claudio Loser, Senior Fellow at Inter-American Dialogue, President of the Centennial Group Latin America and former IMF Western Hemisphere Director, presented his report “Mexico: A safe vessel or a risky wreck in turbulent waters?”
The report offered an overview of Mexico’s current economic conditions, with a specific emphasis on Mexican corporates facing refinancing difficulties, and quantified the Mexican financial system’s recent and projected losses. The report raised the issue of the credit ratings agencies’ role to price in the current economic difficulties that Mexican corporates and the sovereign are facing.
Panelists who commented on Mr. Loser’s report, as well as provided their views on the Mexican corporate market generally, included representatives from the following firms: Alonso Cervera (Credit Suisse), Alberto Ramos (Goldman Sachs), Eric Ollom (ING Financial Markets) and Mauro Leos (Moody’s Investors Services).
For more information, please Click Here for Mr. Loser’s report and Click Here for his slide presentation, or contact Aviva Werner at awerner@emta.org.