Non-bank financiers in Mexico and the Latin American region could face pressure in 2023 to access financing, following the default of Mexarrend (Tangelo), according to analysts at Moody's Investor Service.
The default is likely to restrict access for financiers in the region to refinance debt and expiring credit lines, Moody's analysts Rodrigo Marimon, Felipe Carvallo and Saúl Atlatenco wrote in a note.
Mexarrend (Tangelo) reported on January 17 . . .