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market: Latin America's troubled state companies lure bond investors

"The government wont want to make a political crisis. Nobody is interested in that," said Peter Varga, a senior portfolio manager at Erste Asset Management GmbH. "Its cheaper to kick down the can on the road, so theyll always help a bit just to avoid default."
City Of United Kingdom United States Peter Varga Moody Investors Service Africa Eskom Holdings

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Latin America's Troubled State Companies Lure Bond Investors

(Bloomberg) -- State-owned companies across Latin America face falling output, cash woes and expensive investment plans. Yet bondholders can’t get enough.Most Read from BloombergTrump Keeps NY Empire Intact as Judge Rescinds Asset-Sale OrderSystemic Risk Concerns Grow Among Money Managers as Real Estate Woes Cause TurmoilTop Investors Share the Toughest Lessons They Had to LearnRecord US Stock Rally Is Under Threat From a World in TurmoilUK, Allies Look to Arm Ukraine With AI-Enabled Swar...
City Of United Kingdom United States James Attwood Bloomberg Businessweek Karl Lesterm Yap
Source: yahoo.com

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