Banks in Latin America will have a “limited impact” due to the financial problems registered in the last few days in the United States, Moody’s Investors Service, a risk rating agency, informed today, Thursday.
In a special report, the agency said that Latin American financial institutions have limited direct exposure to affected banks in the United States, strict regulation, and ample liquidity with stable deposits.
“Most banking systems in the region are concentrated in large, sound, and highly diversified banks,” said Moody’s Managing Director of Corporate Finance Marianna Waltz.
“As a result, segment concentration to a single industry . . .