The three largest U.S. rating agencies are poised to bring trustee rankings into Latin America, furthering a regional push initiated in Mexico earlier this year. Fitch Ratings, Moody's Investors Service and Standard & Poor's are each at various stages of launching the rankings in Argentina, and other countries such as Brazil and Chile could be soon to follow.

Fitch's trustee ranking method is currently awaiting approval by the Comision Nacional de Valores, or CNV, Argentina's securities regulator, said Eduardo D'Orazio, director with Fitch in Argentina. D'Orazio said there is no way to tell when the system will be approved, but said Fitch will likely bring the methodology to Brazil and Chile next.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.