Sovereign credit ratings in Latin America and the Caribbean: Trends and impact on debt spreads

cepal.bibLevelDocumento Completo
cepal.callNumberLC/TS.2018/107
cepal.docTypeSeries
cepal.jobNumberS1801024_en
cepal.regionalOfficeWashington
cepal.topicEngFINANCIAL AND MONETARY SECTOR
cepal.topicEngFINANCIAL INCLUSION
cepal.topicEngINVESTMENT
cepal.topicEngMACROECONOMICS
cepal.topicSpaINCLUSIÓN FINANCIERA
cepal.topicSpaINVERSIÓN
cepal.topicSpaMACROECONOMÍA
cepal.topicSpaSECTOR FINANCIERO Y MONETARIO
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaSpaDESARROLLO ECONÓMICO
dc.contributor.authorVelloso, Helvia
dc.contributor.authorBustillo, Inés
dc.contributor.authorPerrotti, Daniel E.
dc.coverage.spatialEngLATIN AMERICA AND THE CARIBBEAN
dc.coverage.spatialSpaAMERICA LATINA Y EL CARIBE
dc.date.accessioned2018-12-20T20:09:21Z
dc.date.available2018-12-20T20:09:21Z
dc.date.issued2018-12-17
dc.description.abstractDue to historically low internal saving rates, access to external financing is very important to Latin America and the Caribbean (LAC), even more so in the context of the 2030 Agenda and the implementation of the Sustainable Development Goals (SDGs). Public financing falls short of what is needed for this task and must be complemented with private flows, which in fact make up the bulk of the region’s external financing. The credit quality of the sovereigns in the region has an important role in determining how costly the access to private external financing can be. This report examines the history of sovereign credit ratings in Latin America and the Caribbean, the evolution of credit quality, and the relationship between credit rating changes and the cost of accessing external financing reflected in the behavior of sovereign debt spreads.
dc.description.tableOfContentsAbstract .-- I. Evolution of sovereign credit ratings .-- II. Impact of credit rating changes on debt spreads .-- III. Final thoughts.
dc.formatTexto
dc.format.extent52 páginas.
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/TS.2018/107
dc.identifier.unSymbolLC/WAS/TS.2018/6
dc.identifier.urihttps://hdl.handle.net/11362/44336
dc.language.isoeng
dc.physicalDescription52 p.
dc.publisherECLAC
dc.publisher.placeSantiago
dc.relation.isPartOfSeriesStudies and Perspectives Series (Washington, DC)
dc.relation.isPartOfSeriesNo18
dc.rights.coarDisponible
dc.subject.unbisEngRISK ASSESSMENT
dc.subject.unbisEngCREDIT
dc.subject.unbisEngCREDITWORTHINESS
dc.subject.unbisEngMEASUREMENT
dc.subject.unbisEngDEBT
dc.subject.unbisEngDEBT MANAGEMENT
dc.subject.unbisSpaEVALUACION DE RIESGOS
dc.subject.unbisSpaCREDITO
dc.subject.unbisSpaCAPACIDAD CREDITICIA
dc.subject.unbisSpaMEDICION
dc.subject.unbisSpaDEUDA
dc.subject.unbisSpaGESTION DE LA DEUDA
dc.titleSovereign credit ratings in Latin America and the Caribbean: Trends and impact on debt spreads
dc.type.coarlibro
dspace.entity.typePublication
relation.isAuthorOfPublicationfdd85708-513d-4263-967a-7317541599f3
relation.isAuthorOfPublicationb3fa0d96-a7ee-4301-9b72-c4d53fcf5b2d
relation.isAuthorOfPublication4092dfce-e26f-438a-9d81-4ac5506060ae
relation.isAuthorOfPublication.latestForDiscoveryfdd85708-513d-4263-967a-7317541599f3
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