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Debt Levels: Deleveraging of Balance Sheets is Expected

Scott Piper, Head of Latin American Equities, Itaú USA Asset Management Inc. addresses concerns about debt levels in Latin America, noting that as growth starts to pick up, he expects a rejuvenated cycle will allow companies to deleverage their balance sheets more quickly, and this should flow into earnings. He also points out that most of the region’s debt is now in local currency and that he sees minimal risk of default. Scott Piper is the sub-adviser lead of the Excel Latin America Fund.


 

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