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Strategies & Market Trends : Telebras (TBH) & Brazil
TBH 0.499+14.1%1:44 PM EST

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To: Steve Fancy who wrote (7043)8/22/1998 2:24:00 PM
From: RockyBalboa   of 22640
 
Latam Banks downgraded

Samstag, 22. August 1998, 12:57 Uhr

Merrill stuft Lateinamerikas Banken ab

New York (Reuters) - Das US-Brokerhaus Merrill Lynch hat die Bonit„tsbewertung fr den Bankensektor Lateinamerikas zurckgestuft. Merril Lynch- Analyst Rodrigo Quintanilla begrndete die Maánahme am
Freitag mit sich abschw„chenden makro”konomischen Indikatoren. Die Perspektiven fr die Bankenbranche in Argentinien, Brasilien, Chile, Kolumbien und Mexiko h„tten sich angesichts der m”glichen
Abschw„chung der makro”konomischen Indikatoren verschlechtert. Dazu trgen auch die globale Schw„che der Kapitalm„rkte und eine "pessimistischere Haltung gegenber allen Emerging Markets" bei.
fgc

English (AltaVista)
Saturday, 22 August 1998, 12:57
Merrill downgrades Latin America banks

New York (Reuters) - The US broker house Merrill lynch downgraded the ratings of the banks of Latin America. Merril lynching Analyst Rodrigo Quintanilla justified the measure on Friday with weakening macro-economic indicators. The perspectives for the bank industry in Argentina, Brazil, Chile,Colombia and Mexico had worsened in view of the possible weakening of the macro-economic indicators. In addition also the global weakness of the capital markets and a "more pessimistic attitude towards all Emerging Markets" [contributed to that].

Christian
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