Moody’s downgraded debt ratings of several Argentine provinces and cities

Thursday, October 18th 2012 - 06:57 UTC

Full article 17 comments

Moody's Investor Service announced on Wednesday it has downgraded the issuer and debt ratings of several provinces and cities in Argentina, due to the risks these states may face to access foreign currency and “serve their obligations in foreign currency.” Read full article

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Idlehands
If you repay a dollar debt in a rapidly depreciating currency then you are presenting a great risk and will be downgraded. It's not complicated. Cue ministers claiming a piratical attack from a dastardly anglo based vulture etc etc......
Oct 18th, 2012 - 08:14 am - Link - Report abuse 0
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surfer
Defaults all round
Oct 18th, 2012 - 09:06 am - Link - Report abuse 0
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briton
ARR , thats not fair.
argentina is one of the best run countries in the world.
CFK even offers her advice to European leaders on how to do it,

personaly we would complain to the UN , they are being picked on.lol.
Oct 18th, 2012 - 10:50 am - Link - Report abuse 0
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ChrisR
The only thing you could do as a investor is to engage Singer and his companies to enforce the terms of the bond on your behalf.

Yes, that would cost you money but you know one thing for sure now: you have already lost it!

That would scare the shit out of the argies.
Oct 18th, 2012 - 11:55 am - Link - Report abuse 0
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TipsyThink
No problém !

théy can trañsfer paying back easíly from Argentine Govérñment US bánks accoúnts.
Oct 18th, 2012 - 05:39 pm - Link - Report abuse 0
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Captain Poppy
They can do what most peple do with argentine pesos, wipe the ass with them. That's all it's good for internationally
Oct 18th, 2012 - 06:01 pm - Link - Report abuse 0
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TipsyThink
6
whére do you write these comménts from ?
from a costér ship toílet !
Oct 18th, 2012 - 06:24 pm - Link - Report abuse 0
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Pirat-Hunter
Argentina should move from a peso economy to a gold coin economy to avoid inflation.
http://m.youtube.com/?reload=3&rdm=mc3dk82gc#/watch?feature=plpp&v=GuqZfaj34nc
Oct 18th, 2012 - 07:32 pm - Link - Report abuse 0
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IsoldedePavo
@6 Conqueror?Captain PUP
Please....tell everyone that I am your wife...now please...or I file for divorce!
lol
Oct 18th, 2012 - 08:19 pm - Link - Report abuse 0
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TipsyThink
Yoú should be réady for lông & lonély nights if you márried with a cáptain.
Oct 18th, 2012 - 08:38 pm - Link - Report abuse 0
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Guzz
Next step os downgrating the common household to finally sit there, with their lists, clapping eachother on the shoulder... Congrats, you got yourself a list, made by yourselves, stating who you can borrow money to. China has her own list, SA doesn't need one, who cares? :)
Oct 18th, 2012 - 09:24 pm - Link - Report abuse 0
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yankeeboy
Argentina just lost all of the next 3yrs os WB loans, next will me IDB.

Can anyone tell me how she makes up the U$ BILLIONS of loss?

anyone? anyone?

Bahahaha

Merry Christmas!
Oct 18th, 2012 - 10:16 pm - Link - Report abuse 0
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ProRG_American
Nonsence! Bonds are boing paid in Dollars now. No need to pay out in Pesos. The Governor got ahead of himself. Just a little hickup on the road, thats all. Let's move on.
Oct 18th, 2012 - 10:39 pm - Link - Report abuse 0
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surfer
any bond issued by ANY entity associated with Argentina
Oct 18th, 2012 - 11:25 pm - Link - Report abuse 0
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Captain Poppy
Can you say D E F A U L T
Oct 18th, 2012 - 11:28 pm - Link - Report abuse 0
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surfer
like this?..
DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT DEFAULT
Oct 19th, 2012 - 02:31 pm - Link - Report abuse 0
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Captain Poppy
Damn surfer, we should get a chalk board and make them write a million times in front of the UN General Assemly:

I WILL NOT DEFAULT>>>I WILL NOT DEFAULT
Oct 19th, 2012 - 03:22 pm - Link - Report abuse 0
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