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MercoPress, en Español

Montevideo, April 19th 2024 - 08:35 UTC

Tag: default bonds

  • Tuesday, October 6th 2015 - 07:28 UTC

    Victory for Argentina in its ongoing battle with speculative funds

    Appeals court upheld a ruling from Judge Griesa, agreeing that plaintiffs were not entitled to possess the funds and did not have rights to the money superior to that of BNY Mellon.

    The 2nd US Circuit Court of Appeals in New York refused on Monday to force Bank of New York Mellon Corp to turn over to holders of defaulted Argentine bonds any of the $539 million the country deposited in 2014 to pay creditors who participated in its past restructurings.

  • Wednesday, June 25th 2014 - 06:46 UTC

    Argentina waiting for Judge Griesa's reply on the 'stay' request

    Carmine D. Boccuzzi presented the letter requesting the stay and a reasonable timeframe for these kinds of negotiations (Pic gettyimagines)

    The government of President Cristina Fernandez awaits Judge Griesa's decision after the request to issue a stay on the ruling that orders Argentina to pay all the bondholders at the same time, Argentine Cabinet Chief Jorge Capitanich said in his daily press briefing at Government House on Tuesday.

  • Wednesday, June 18th 2014 - 08:09 UTC

    S&P and Argentina in six months: “default or distressed debt exchange”

    “We could revise the outlook on the long-term ratings to stable if threats to debt servicing were to unexpectedly diminish”

    Standard & Poor's cut its rating of Argentina's long-term foreign currency debt rating to CCC- from CCC+ with a “negative” outlook. A CCC rating is defined as “currently vulnerable and dependent on favorable business, financial and economic conditions to meet financial commitments,” according to S&P.

  • Friday, March 14th 2014 - 08:42 UTC

    US will not side with Argentina in its dispute with hedge funds, says Kerry

    Secretary of State in Congress answered a specific question on Argentina and its litigations

    US Secretary of State, John Kerry has rejected the possibility that the Barack Obama administration would side with Argentina in the long-standing dispute with hedge funds over the defaulted bonds from the 2001/2 meltdown. Still the US official praised what he considered some “positive steps” by the Cristina Fernandez government.

  • Wednesday, January 18th 2012 - 03:13 UTC

    Argentine defaulted bonds dispute reaches the US Supreme Court

    The US Supreme Court has asked the Obama administration for its view on the case

    The US Supreme Court has asked President Barack Obama's administration for its views of a ruling that unfroze 105 million dollars of Argentina's central bank deposits in a setback for two US investment funds that sought to seize the money to satisfy their claims from Argentina’s debt default a decade ago.