Fitch Ratings has released its 2006 outlook for Latin American structured finance. Its forecast for the cross-border market: expect more of the same. Thinner volumes last year will linger into 2006, as many of the leading candidates for issuance are filled up on debt.

"Capacity ... under their existing programs is limited," according to the agency. "The improving credit profile of the region, as evidenced by numerous sovereign upgrades, has opened new, nonstructured financing alternatives."

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