Good and bad signals for Argentina: bonds rise strongly, but two rating agencies slap "default"

Good and bad signals for Argentina: bonds rise strongly, but two rating agencies slap “default”

Wednesday, May 27th 2020 - 08:20 UTC

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Argentine bonds rose strongly on Tuesday on optimism that a restructuring deal being brokered with creditors could be in reach, even as rating agencies slapped the country with downgrades after it defaulted for the ninth time last week. Read full article

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Enrique Massot
Fitch so and so...S&P blah blah...so what? Argentina continues to negotiate and the bondholders will continue to put pressure, however everybody knows what the outcome will be.

Argentina does not want to default, and the bondholders know that if Argentina defaults it is going to be pretty bad for everybody.

And so, the negotiations keep on, and we'll soon enough find out what kind of an agreement has been reached.
May 28th, 2020 - 06:19 am - Link - Report abuse -1
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