Instability in the Mexican financial sector: is panic justified or is it time to buy?
smartmoney.oneSource: BloombergIn the case of Alpha Credit, whose notes maturing in 2025 fell to a pre-default level of 22%, it is very difficult to draw firm conclusions .Obviously, the ongoing corporate events distressed the market which hasn’t reversed its decline so far.
The issuer hasn’t provided any additional information to investors since then, so nothing is known about the timing of the restatement and the duration of the work of the special committee (made up of members of the board of directors, independent advisers, legal advisers and auditors).The positive scenarios include approval of a smaller amount of reserves and/or additional capitalization of the company by its shareholders (similar to that of 2020, when Softbank injected $100 mln.