Tag: Argentine debt

• Wednesday, September 23rd 2020 - 08:44 UTC

  Argentine bonds again sliding because of business environment deterioration

  

  Argentine newly issued international bonds are once more on the slide as investors price in rising risks over the country’s economic recovery and much-needed market reforms following tightened capital controls last week.

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• Wednesday, September 9th 2020 - 09:50 UTC

  S&P lifts Argentina's credit rating to CCC+ with a stable outlook after concluding private debt restructuring

  

  Argentina's credit rating was lifted up from default 'SD' to 'CCC+' with a stable outlook after the country concluded restructuring its foreign currency debt, S&P Global Ratings said in a statement on Monday.

• Tuesday, September 1st 2020 - 08:57 UTC

  Argentina restructures 99% of US$ 66bn debt issued under foreign legislation: now IMF and debt in local legislation

  

  Recession-hit Argentina has managed to restructure 99% of US$ 66 billion in debt issued under foreign legislation, Economy Minister Martin Guzman announced on Monday.

• Thursday, August 27th 2020 - 08:43 UTC

  Argentina notifies IMF of a request for a new fund arrangement

  

  IMF Managing Director Kristalina Georgieva, spoke with Argentina President Alberto Fernández on Wednesday, when conversations for a new credit arrangement were launched. The Managing Director made the following statement at the conclusion of the meeting:

• Thursday, August 20th 2020 - 10:55 UTC

  Investor's concern with the shaky Argentine economy, despite the deal with bond holders

  

  Argentine bonds extended a recent dip after the government formalized its US$ 65 billion debt restructuring offer, underscoring investor concern about the country’s shaky economy despite creditors’ rallying behind a deal.

• Monday, August 17th 2020 - 09:31 UTC

  Argentina will formalize the bond restructuring offer to US Securities and Exchange Committee Monday

  

  The Argentine government formalized its amended bond restructuring offer on Saturday night, confirming in a presidential decree that it would submit the new deal to the US Securities and Exchange Commission this Monday.

• Wednesday, August 12th 2020 - 09:59 UTC

  Investors are now focused on the IMF and Argentina’s fiscal policy, “which has been hard to come by”

  

  After reaching a US$ 65 billion restructuring agreement in principle with its creditors earlier this month, Argentina must now turn to relief from the International Monetary Fund to free up cash in the near term, the Institute of International Finance, IIF said on Tuesday.

• Saturday, August 8th 2020 - 08:20 UTC

  Credit rating agencies have their doubts about Argentina's economic outlook

  

  Argentina’s US$ 65 billion debt restructuring agreement with bondholders will likely lead to credit upgrades but is far from ensuring the country’s longer-term economic future, rating agencies commented on Thursday.

• Friday, August 7th 2020 - 09:25 UTC

  Argentina planning for a new program agreement with the IMF by end of March

  

  Argentina aims to reach a deal with the International Monetary Fund over a new financing program before the end of March, a time frame that Fund veterans say is realistic if both sides show commitment. The news was reported by the economic media from Buenos Aires.

• Wednesday, August 5th 2020 - 08:56 UTC

  Argentina reaches an agreement with majority of creditors and looks to convince the undecided

  

  Argentina has reached an agreement with creditors to restructure around US$ 65 billion in sovereign debt, breaking a deadlock in talks that will help the country climb out of default and banish fears of a damaging and protracted legal standoff.