Publish in Special Reports - Wednesday, August 26, 2015
Michael Fitzgerald, chairman of the Latin America practice at Paul Hastings: Mexico will benefit from the strength of the U.S. market (Photo: Paul Hastings)
BY JOACHIM BAMRUD
Despite the economic contraction and the Petrobras corruption scandal, Brazil remains a key country for capital market work, says Michael Fitzgerald, chairman of the Latin America practice at Paul Hastings and a leading expert on Latin American capital markets.
“I think will Brazil come back. It’s still one of the ten largest economies in the world,” he says. “When the Brazil capital markets open up there will be a lot of companies there that will be starved for capital.”
The local currency, reias, is off almost 50 percent from its peak a few years go and markets are undervalued, in part from the currency fluctuations and in part from the severe economic and political crisis the country is undergoing.
“It’s a ...
Keywords: Argentina, Brazil, FHipo, FIBRA, Mexico, Nemak, Colombia, Peru