Argentina is still working with its creditors to reach a debt restructuring deal after talks stalled, though there is still a distance to cover in economic and legal terms, Economy Minister Martin Guzman said on Thursday.
Argentina’s debt markets were rattled on Thursday after bond restructuring talks with creditors appeared to stall, pushing the country’s risk spread up sharply over safe-haven U.S. Treasuries, a sign of investors growing cautious.
Argentina received a debt restructuring proposal from two creditor groups a step in the right direction, Economy Minister said on Friday. Nevertheless, it still fell short of what the country needed to strike a deal.