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

Wednesday, June 18th 2014 - 08:09 UTC

Full article 9 comments

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. Read full article

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Corvus corax
This is the end
Beautiful friend
This is the end
My only friend, the end
Of our elaborate plans, the end
Of everything that stands, the end
No safety or surprise, the end.
Jun 18th, 2014 - 12:09 pm - Link - Report abuse 0
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Briton
Finished, [ r.i.p. ]
Jun 18th, 2014 - 12:54 pm - Link - Report abuse 0
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Dr. Jeorbbels
The attacks on the Falklands will increase over the coming months - inevitable. something to look for in 6 months - helicopter leaving Olivos.
Jun 18th, 2014 - 02:58 pm - Link - Report abuse 0
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Conqueror
@3 What sort of “attacks”? How many more argies will die?
Jun 18th, 2014 - 03:17 pm - Link - Report abuse 0
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ChrisR
I think S&P have been VERY GENEROUS with that rating, allowing as it does reasonable minded people to work together and pull the country out of the real danger: total default.

BUT, and there's always one, where are they going to get these superhuman argies from: they simply don't exist.

The ChrisR rating of The Dark Country is: RUN AWAY, RUN AWAY!

Or to be technical: ”ZZZZZ(-) shit out of luck”.
Jun 18th, 2014 - 03:48 pm - Link - Report abuse 0
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malicious bloke
Computer says no.
Jun 18th, 2014 - 04:38 pm - Link - Report abuse 0
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lsolde
They brought it all on themselves by their attitude.
l have no sympathy for them at all.
That is very apt, ChrisR.
Jun 18th, 2014 - 09:49 pm - Link - Report abuse 0
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Dr. Jeorbbels
@4 I am talking about the verbal attacks on the Falklands and the islanders by CFK and her pet clown Timmerman. As the financial crisis in Argentina deepens so the vitriolic rhetoric of CFK against the Falklanders will increase in an infantile and fatuous attempt to divert attention away from the real problems engulfing Argentina......the main problem being the self preservation of herself. She is the problem not the solution!
Jun 19th, 2014 - 05:50 am - Link - Report abuse 0
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Briton
Sadly this happens to all history's dictators,
blame everyone else , attack everyone else , ignore the rest,

and they all end up the same way, humiliated , and defeated, just as CFK will be soon...lol
Jun 19th, 2014 - 12:15 pm - Link - Report abuse 0
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