Father Of The Brady Market Predicts Its Demise

I hope all Bradys go through the process where the country stands on its own two feet, he said.

It's a sign of progress. Speaking to London financiers at a conference on Latin America run by the Templeton Investment Trust, he said talk that Mexico was buying back its Brady bonds with the proceeds from its global bond issues was positive.

It is a good thing for the country, he said.

Mexico has set a precedent in attempting to retire its collateralised Brady bonds