Global Credit Research – 22 Mar 2016/Moody’s Investors Service The sustained fall in oil prices is hurting not only sovereign borrowers worldwide, but also state governments, says Moody’s Investors Service. However, sub-sovereign reliance on oil varies wildly among countries. In an analysis oil-dependent sub-sovereign borrowers, Moody’s looked at states and […]
Tag: Mexico
Citigroup reports fraud in Mexico unit, lowers 2013 results
Citigroup Inc (C.N) said on Friday it has discovered fraud in its Mexico subsidiary and is reducing its previously reported 2013 net income by $235 million. The company said in a statement the matter involved about $585 million in short-term credit extended by its Banamex unit to Oceanografia SA de […]
Heineken sees return to revenue growth after weak 2013
* Sees organic revenue growth in 2014 after 0.1 pct rise in 2013 * 2013 net profit down 2.0 pct at 1.59 bln as expected * African improvement in Q4 * Shares up 3 pct, among strongest among European blue chips (Adds shares, margin, cost savings, CEO on Nigeria, Mexico) […]
