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21.10.26 - 23:24
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AM Best Affirms Credit Ratings of Seguros Inbursa, S.A. Grupo Financiero Inbursa (Business Wire)
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MEXICO CITY--(BUSINESS WIRE)--#insurance--AM Best has affirmed the Financial Strength Rating of A (Excellent), the Long-Term Issuer Credit Rating of “a+” (Excellent) and the Mexico National Scale Rating of “aaa.MX” (Exceptional) of Seguros Inbursa, S.A. Grupo Financiero Inbursa (Seguros Inbursa) (Mexico). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect Seguros Inbursa's balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.
Seguros Inbursa's balance sheet strength is underpinned by its risk-adjusted capitalization at the strongest level, as measured by Best's Capital Adequacy Ratio (BCAR). The ratings also reflect the company's strong operating performance, driven by consistent profitability mainly supported by a stable flow of investment income, as well as low underwriting leverage, a diversified business profile and its affiliation with Grupo Fi...
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01.10.26 - 00:02
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Grupo Aeromexico and BBVA Mexico Successfully Complete the Renewal and Expansion of a USD $250 Million Syndicated Credit Facility (GlobeNewswire EN)
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MEXICO CITY, Sept. 30, 2026 (GLOBE NEWSWIRE) -- Aerovias de Mexico, S.A. de C.V., a subsidiary of Grupo Aeromexico, S.A.B. de C.V. (Aeromexico), renewed and expanded its revolving syndicated credit facility to USD 250 million with a three-year term. This transaction increases the original USD 200 million facility secured in November 2024 and significantly strengthens the company's financial position by protecting and enhancing its available liquidity. BBVA Mexico acted as Sole Global Coordinator, Sole Bookrunner, and Administrative Agent, structuring, syndicating, and increasing the financing, which received active participation from leading domestic and international financial institutions. Through this agreement, Aeromexico not only secures robust support for its ordinary operations but also enhances its financial flexibility, enabling the company to allocate resources toward new strategic investments and the successful execution of its long-term business plan....
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21.09.26 - 02:06
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Oracle Loans Backing Massive New Mexico Data Center Tumble To Stressed Levels (ZeroHedge)
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Oracle Loans Backing Massive New Mexico Data Center Tumble To Stressed Levels
Overnight we explained why the AI supercycle now hinges on the ever faster issuance of more and more debt, so critically needed to fund trillions in capex in the coming years...
... and which according to Goldman will look something like this.
The problem is that as spreads keep blowing out as more investors do the ugly math (discussed extensively here), the pace of debt issuance is starting to slow as credit markets get cold feet.
The latest example comes courtesy of the same Oracle which we profiled as the "first AI domino to fall", back in November '25, and whose $18 billion in leveraged loans tied to a New Mexico data center leased to the company slid into stressed territory on Friday, highlighting investors' fear that increasing local backlash will derail the tech group's massive AI infrastructure build-out.
According to the FT, loans linked to the $165 billion “Project Jupiter” were quoted a...
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02.09.26 - 09:48
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BlackRock: $2.1T in GCC Capex By End of Decade (Bloomberg)
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BlackRock Investment Institute's Ben Powell says the Middle East conflict is likely to accelerate the GCC's push toward economic resilience, diversification and greater self-reliance. He told Horizons Middle East and Africa he expects more regional capital to be deployed domestically, with investment spanning infrastructure, AI, energy and security as Gulf states seek to reduce their exposure to strategic choke points while still generating attractive returns. (Source: Bloomberg)...
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