LatAm investors urged to watch FX exposure
Fitch Ratings says currency volatility increases risk for infrastructure projects
Fixed-income investors with an appetite for Latin America are encouraged to deepen their understanding of their foreign exchange exposure as currency market volatility could magnify their risks and have an impact on timely debt servicing, according to research by Fitch Ratings.
The ratings agency's report, FX in infrastructure project finance: where are the risks?, looks at various types of projects carrying unhedged FX exposures. It found efforts to devalue domestic currencies against a strong
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