The visit of French president Francois Hollande was described as most positive and this was reflected in the over twenty bilateral agreements signed in all fields, plus a very significant 'personal link' with his Argentine peer Mauricio Macri, said Susana Malcorra, foreign minister on Wednesday at the Casa Rosada.
Moody's Investors Service on Wednesday joined the two other major credit rating agencies in downgrading Brazil's sovereign debt to junk territory. Moody's lowered Brazil's credit rating by two notches from Baa3 (its lowest investment-grade rating) to Ba2 and changed the country's outlook to negative, a move that follows similar actions by Fitch Ratings and Standard & Poor's.
French President Francois Hollande suggested Wednesday that Argentina could take in some of the hundreds of thousands of Syrians fleeing civil war. The idea appeared to be an off-the-cuff comment during a news conference by Hollande and Argentine President Mauricio Macri after they met privately and signed agreements on issues ranging from fighting terrorism to increasing cultural exchanges.
Argentina's President Mauricio Macri received fresh endorsement of his economic measures on Wednesday when French President Francois Hollande flew in to Buenos Aires with 30 business leaders looking for investment opportunities. The visit reflected a turnaround in Argentina's global profile since Macri took power two months ago and immediately set about mending diplomatic ties and his country's tattered credit ratings.
Argentina and a group of hedge funds are nearing a deal that would pay investors about 70% of what they say they are owed, as the government moves closer to re-entering the global bond markets following its 2001 default.