Spreads on dollar-denominated debt fell by 200 basis points during the second half of 2002 and the first half of 2003.4 Spreads on international bond issues by Latin American borrowers, which had risen sharply with the Argentine default and the political uncertainties in Brazil, declined considerably.
Les primes de risque sur les instruments en dollars ont chuté de 200 points de base au cours du second trimestre de l'année 2002 et du premier trimestre de l'année 2003.