Latin America Power Ratings: Opportunities Aplenty But Challenges To Overcome
BMI View: After a pronounced shift at the top end of the ratings table last quarter, the rankings remain largely unchanged heading into this quarter. Chile still tops the table, with Brazil in second place, and Mexico and Peru in third and forth respectively. Argentina has moved one place higher as the country begins to move towards the implementation of more moderate economic policies, while positive developments within the market point to progress. Unsurprisingly, Venezuela has retained it position at the bottom of the table, with a recent power cut in December 2013 highlighting that a swathe of problems persist within the country's power sector.
The individual power markets that comprise our Latin American coverage are diverse in both nature and in terms of the relative risks and rewards that are on offer - as evidenced by the 22-point differential between the top- and bottom-ranked countries in our Latin America Power Risk/Reward Ratings (RRRs).
The key themes and trends identified throughout Latin America's Power RRRs can be summarised as follows:
Divergence In Play Latin America Power Industry Risk/Reward Ratings, Scores Out Of 100