Americanas-Like Events Threaten Brazil Debt Markets, Fitch Says

Brazilian companies may face tighter liquidity ahead as a series of credit events rattles local debt markets, Fitch Ratings said.

Firms in Latin America’s largest economy have faced a string of setbacks in recent weeks, from waste management firm Ambipar Participações e Empreendimentos SA filing for creditor protection to Braskem SA’s capital review and growing fears that Banco Master’s troubles could spill over to corporates and pension funds that hold its debt instruments in their books.

Read more: Brazil Inc. Flashes Signs of Distress as Woes Pile Up: The Brink

The successive issues are raising comparisons to early 2023, when ...