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Telefonica’s Colombian subsidiary Colombia Telecomunicaciones, operating under the Brand name Movistar, has raised $500 million USD in senior unsecured notes, the company has announced. $350 million of the placement proceeds will be used to replace senior unsecured notes issued...

During 2020, Latin American oil and gas companies' profitability is expected to decline to one third of 2019 levels, while cash flow is expected to remain under pressure through 2021 as recovery will likely be protracted, according to a new Fitch Ratings report.

Fitch Ratings has assigned Banco GNB Sudameris S.A.'s (GNB) upcoming issue of U.S. dollar-denominated, 11-year Tier 2 notes an expected long-term rating of 'BB-(EXP)'.

For 1Q20, Copa Holdings reported net profit of US$74.3 million or earnings per share (EPS) of US$1.75, as compared to net profit of US$89.4 million or earnings per share of US$2.11 in 1Q19. Operating profit for 1Q20 came in at US$98.7 million, representing a 12.6% decrease from...

Avianca has asked for a bailout by the Colombian government. Colombians are pointing out that the airline is majority foreign owned, and legally Panamanian, not Colombian.

Copa Airlines' new notes will be senior, unsecured obligations of Copa and will accrue interest at a rate of 4.50% per annum, payable semi-annually in arrears on April 15 and October 15 of each year, beginning on October 15, 2020

Copa is raising $350 million USD due 2025, presumably to prepare itself for the Coronavirus-related economic downturn.

Fitch Ratings yesterday announced that it had downgraded Avianca Holdings’ Long-Term Foreign and Local Currency Issuer Default Rating (IDR) to ‘C from ‘CCC-‘. The ratings have been removed from Rating Watch Negative. This downgrade follows the announcement...

Anko Van Der Werff, Avianca’s new CEO installed in 2019 seems to be busy remaking the airline after cutting premium benefits and treatment that passengers had been accustomed to, apparently to compete with Low Cost Carriers (LCCs) operating in Colombia such as Viva Air, Wingo,...

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