News & Events

Todd Crider, Head of Simpson Thacher’s Latin America Practice, and Grenfel Calheiros, Head of Simpson Thacher’s São Paulo office, were featured in a Latinvex Q&A titled, “Capital Markets: Good Outlook Despite Challenges,” which detailed the 2025 outlook for capital markets in the region, which have had a strong performance so far this year. Todd explained that growth in the region appears modest, and that, with reference to Mexico, the country is “poised for growth but needs stability in its relationship with the U.S. and to restore confidence that investor rights will be upheld, even against the government's initiatives, in the new judiciary.” He added that, in Argentina, “we are hopeful that the combination of positive economic growth, decreased inflation and interest rates, and a favorable environment for large investments, will allow a re-opening of equity investments, with debt moving from restructuring and balance sheet management to growth funding.” Grenfel stated that, “Debt capital markets remain active in Brazil,” explaining that “As interest rates continue to increase in the country, local debt becomes more expensive and companies are turning their focus to the U.S. dollar and the cross-border market as a source for refinancing.” He further mentioned that the Firm is “starting to work on several new projects that should come to market over the next couple of months” and that “we are cautiously hopeful that equities may pick up in the second half of 2025 for higher quality issuers with proven growth propositions.”

To read the full article, please click here (subscription required).