Worst-of-the-Worst Debt Is Bouncing Back With Growth in Mexico
- Posadas, TV Azteca and Aeromexico are leading bond returns
- Mexico’s economic rebound is reviving tourism and advertising
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As Mexico’s economy rebounds from its biggest recession in almost a century, investors are piling back into the debt of the worst affected companies, in the worst affected industries.
Defaulted bonds sold by hotel chain Grupo Posadas SAB, broadcaster TV Azteca SAB and flagship airline Grupo Aeromexico SAB are all among the top ten returning notes over the last three months, landing investors gains of at least 13%.