MercoPress, en Español

Montevideo, November 15th 2018 - 21:56 UTC

Tag: Argentine crisis

  • Wednesday, October 17th 2018 - 09:16 UTC

    Argentine industrial activity contracts 4.1% in August year-to-year

    The auto industry in September was down 20.6% compared to the same month a year ago, the largest drop in twelve months

    Industrial activity in Argentina dropped 4.1% in August compared to a year ago, completing a 0.8% contraction so far this year, according to a survey by the country's Industrial Union, UIA. However compared to last July industrial production was up 0.7%.

  • Saturday, September 1st 2018 - 09:27 UTC

    S&P places Argentina credit ratings under review

    S&P cited the risk of worsening creditworthiness and exchange rate volatility as potential threats to the economic measures undertaken by Macri’s administration

    S&P said on Friday it may lower Argentina's long-term foreign currency rating from its current B+ grade, which is four notches below investment grade -- and on par with Turkey, Greece and Fiji. The ratings company cited the risk of worsening creditworthiness and exchange rate volatility as potential threats to the economic adjustment measures undertaken by Mauricio Macri’s administration.