Highlights Prices in this note are as of July 10, 2026. FS: Ratings downgraded to B+ from BB- by Fitch J P M O R G A N Latin America Credit Research 13 July 2026 LATAM Corporates Daily Your daily dose of all things LatAm Fitch downgraded FS to B+ from BB-, with a Stable outlook. The action reflects expectations that credit metrics will remain pressured through FY27, as FS fully debt-funds the construction of a fifth corn-ethanol plant in Mato Grosso alongside another greenfield project. Fitch forecasts gros ...