Latin

Moody's to Acquire SCRiesgo, Expanding Reach in Latin American Domestic Credit Markets

Moody’s to Acquire SCRiesgo, Expanding Reach in Latin American Domestic Credit Markets

NEW YORK–(BUSINESS WIRE)–Moody’s Corporation (NYSE: MCO) today announced that it has agreed to acquire SCRiesgo, a leading group of local credit rating agencies serving the domestic financial markets of Central America and the Dominican Republic. The acquisition significantly expands Moody’s presence in Latin America and reaffirms its commitment and support for the continued development of …

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Latin America stagnation 'worse than 1980s', says UN official

Latin America stagnation ‘worse than 1980s’, says UN official

Low investment, low productivity and inadequate education condemned Latin America to a period of economic failure even worse than the “lost decade” of the 1980s, according to the UN’s top economics official in the region. José Manuel Salazar-Xirinachs, new head of the United Nations Economic Commission for Latin America and the Caribbean (ECLAC), said the …

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