MercoPress. South Atlantic News Agency
S&P downgrades Argentine main provinces credit ratings
The rating agency Standard & Poor’s said on Monday that local governments in Argentina are experiencing slower economic growth, high inflation, and difficulties financing their 2012 budget deficits. Read full article
Comments
Disclaimer & comment rulesHow the hell they ever had any kind of A in their rating is mind boogling, with Argentina being the largest debt defaultors in the history of civilization. No wonder they are being investigated.
Aug 01st, 2012 - 08:08 pm - Link - Report abuse 0I wonder if Toby will be taken by surprise that Mendoza is on the list of downgrades? Didn't he tell me they were flush with cash, one of the best managed provinces and business was booming?
Aug 01st, 2012 - 08:36 pm - Link - Report abuse 0Gosh I hate to be right all the time...
Hehe, computer says no!
Aug 01st, 2012 - 08:58 pm - Link - Report abuse 0Malvanista's and Argtards.
Aug 01st, 2012 - 09:25 pm - Link - Report abuse 0We told you so, and it's only going to get worse.
Cue Malvinista's and Argtards with their usual modus operandi: denial, resentment, diversion, pulling up 'facts' of other countries economies and blantant lies.
@2
Aug 01st, 2012 - 09:32 pm - Link - Report abuse 0Business is booming, but breaking news, we are building a highway network, an urban mass transit system, two dams, which none of the other provinces are doing. So we will have a significantly better infraetructure than those provinces, in fact we already do.
So you are not correct, you don't live in Mendoza so you might as well talk about Benin, that's how much you know about Argentina (the fact that in 5 years “living” in Argentina you can't drop a word of Spanish even if your head was on the guillotine speaks volumes of your intelligence) . :)
2 Yankeeboy
Aug 01st, 2012 - 09:37 pm - Link - Report abuse 0Looks like you were correct again.
You are wrong I speak well with the maids, waiters, painters, gardeners, pool boys, etc. I only speak the language of the servants when I absolutely have to I don't need to speak it to survive or make $. I do not I enjoy it so why should I participate?
Aug 01st, 2012 - 09:41 pm - Link - Report abuse 0I think it is a horrible language full or gray words and innuendo. Simply atrocious! I think it is one of the reasons your culture will always be part of the serving class.
highway network, an urban mass transit system, two dams ... you are about 75 yrs behind the civilized world..playing catch up are we?
@7
Aug 01st, 2012 - 09:55 pm - Link - Report abuse 0Auch, I think someone is really ornery... what another mass shooting? Gonna have to check the news?
Or maybe another bridge collapsed, LOL.
Ah I see Tobias as gone for the distraction method.
Aug 01st, 2012 - 10:14 pm - Link - Report abuse 0He'll be posting wiki links any minute now.
He continues to speak without ever being to the places he denounces. He also speaks as if Americans are not aware of the problems here. At least Americans speak out to there politicians and hold them accountable, whereas in RGtown, the politicians donot speak to the media and tell you only what they want you to know. Thus they blindly believe the shit they have shoveled in their mouths.
Aug 01st, 2012 - 11:07 pm - Link - Report abuse 0Lets have some wiki quotes and some obscure weblink. I am still looking for a gardner.....and Rg's make great waiters....15-20% tips senorita troll.
TIT
Aug 02nd, 2012 - 02:15 am - Link - Report abuse 0Why is it that the ratings are being lowered? Please explain that again; I love it when you tell us your conspiracy theories. Do you tell your backpackers your theories while they're servicing you?
Chuckle chuckle
I think that the words used were “deep junk bond status”
Aug 02nd, 2012 - 11:27 am - Link - Report abuse 0So we will have a significantly better infraetructure than those provinces, in fact we already do.
Aug 02nd, 2012 - 12:08 pm - Link - Report abuse 0Hahaha
Toby, What good is having better infrastructure in a landlocked province? You can have the best transportation infrastructure in the world but you still have to get over or through the Andes or over to BA to sell your exports! And last I knew trucks still get stuck in the snow in the Andes and the train pass to Chile Nestor announced A DECADE AGO still has not been started.
BTW with all of this excess cash Mendoza has, have they covered over the open drainage ditches? Do you still have little bridges to get from the street to the sidewalks IN THE MIDDLE OF THE LARGEST CITY IN THE PROVINCE? Seems kind of middle ages to me but hey what do I know about the civilized world. Oh yeah I live in it and you don't.
@5 Go on, assume we're buying it. What's the completion date? 2500 AD? 3000 AD? Later?
Aug 02nd, 2012 - 04:32 pm - Link - Report abuse 0@8 How are you getting on with your railways?
Have you got pictures of your “home”? Don't forget to indicate whether the sewage is spilling from the inside out, or the outside in!
Does anyone care what S&P say now that even the American government is investigating whether they're a bunch of crooks?
Aug 02nd, 2012 - 05:13 pm - Link - Report abuse 0BK, What a silly question, Yes investors still hold the big ratings agencies in high regard.
Aug 02nd, 2012 - 05:50 pm - Link - Report abuse 0In most cases unless you have a stellar rating mutual funds, pension funds etc can't buy your bonds. So you are stuck with people who want a very high interest rate, one Arg is not willing to pay if it was even offered.
Argentina's interest rate is as high as people with very bad credit ratings on a credit card. It is not sustainable so thank goodness for the citizens of Arg that they are blocked from Int'l loans.
It would be even worse if they could get Int'l loans it would just bring on the collapse sooner than it is already happening.
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