S&P Global Ratings: no direct threat to Latam financial system from SVB, Credit Suisse

LONDON, March 16 (Reuters) - The collapse of Silicon Valley Bank last week and the turmoil around Credit Suisse do not pose a direct threat to Latin America's financial system, S&P Global Ratings said on Thursday.

"The direct impact of any particular institution, I don't think is the main risk here," Joydeep Mukherji, managing director & sector lead, Sovereign Ratings Americas, said during a media briefing. However, the fallout of the recent events would likely be felt through its impact on market confidence and knock-on effect on monetary policy and interest rates from the U.S. Federal Reserve and other major central banks, Mukherji added.

"It makes a big difference to the region, whether U.S. interest rates go up dramatically, or they don't go up - so I think that's the larger impact." (Reporting by Karin Strohecker, editing by Jorgelina do Rosario)

Messaging: karin.strohecker.reuters.com@reuters.net))

Reuters

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

off-the-wire

S&P Global Ratings: no direct threat to Latam financial system from SVB, Credit Suisse

By Reuters

Reuters

Reuters

Gold is never going back to $2,000: 'That's history,' prices to 3x from here – Peter Schiff

Solid price gains for gold, silver after busy news weekend

‘Biggest economic shift since Nixon’: Major U.S. monetary policy changes coming in 12-36 months – Jack Mallers

India joins South Africa in denying BRICS currency plans after Trump’s 100% tariff threat

Silver prices breach $32/oz as bullish technicals and fundamentals suggest potential breakout

off-the-wire

S&amp;P Global Ratings: no direct threat to Latam financial system from SVB, Credit Suisse

By Reuters

Reuters

Reuters

S&P Global Ratings: no direct threat to Latam financial system from SVB, Credit Suisse