Senior Credit Analyst - Emerging Markets, EM Spreads

Leandro Gubler

EM Spreads is an independent credit research service specializing in Emerging Markets, primarily focusing on Latin American issuers.

Senior Credit Analyst - Emerging Markets

MELI 4Q24: Strong Results, While Leverage Remains Stable Amid Higher Debt

Vista Energy: Strong Reserves Growth Continues

EM Spreads

Credit

<ul>
<li>Despite a temporary increase in operating costs, Vista Energy’s solid credit metrics, expanding production, and new pipeline capacity reinforce growth potential</li>
<li>We maintain our Outperform recommendation on Vista Energy. We view Vista as an attractive option for investors seeking exposure to Argentina's energy sector.</li>
<li>From a credit perspective. The results reflected a higher debt balance, primarily driven by the $600 million issuance in December.</li>
</ul>


Despite a temporary increase in operating costs, Vista Energy’s solid credit metrics, expanding production, and new pipeline capacity reinforce growth potential
We maintain our Outperform recommendation on Vista Energy. We view Vista as an attractive option for investors seeking exposure to Argentina's energy sector.
From a credit perspective. The results reflected a higher debt balance, primarily driven by the $600 million issuance in December.


Vista Energy 4Q24: Solid Expectations Despite Short-Term Cost Headwinds

Vista Energy SAB de CV

Vista Energy 4Q24: Solid Expectations Despite Short-Term Cost Headwinds