LatAm credits markets take breather after Brazilian rally

April 15, 2015 2:03 PM

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NEW YORK, April 15 (IFR) - Latin American credit markets took a breather Wednesday as investors garnered profits after a strong run up in Brazilian bond prices.

News earlier this week that Petrobras's board would meet April 22 2014 to approve 2014 audited results sparked a relief rally in Brazilian debt amid hopes that the oil company would meet covenant deadlines and avoid a downgrade to junk.

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