In the midst of growing concerns across the globe pertaining to the onset of a downturn in the U.S. economy, Latin American macroeconomies will surely endure some hardships as a result, sources say, and securitization transactions just may be the alternate source of financing for some of the countries.

Consensus on the downturn of the U.S. economy among analysts and economists is that it will be "a rough landing, not a recession," said a sovereign debt analyst at J.P. Morgan Chase & Co. "[In the U.S.] we are looking at 175 basis points in rate cuts over the course of the year and virtually no growth in the first quarter, but growth for the year of 1.6%. That's enough to keep a little bit of demand going."

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