Tag: debt restructuring

• 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.

• Friday, April 17th 2020 - 09:59 UTC

  Argentina sets out its debt restructuring proposal to private creditors with a sizeable cut (62%) of interest payments

  

  Argentina sketched out its debt restructuring proposal to international creditors on Thursday, involving a three-year grace period, large coupon cuts and a smaller reduction in capital, as it looks to win over bondholders to a deal.

• Wednesday, April 15th 2020 - 13:51 UTC

  Argentina is readying to announce terms of the US$ 83bn debt restructure

  

  Argentina is expected to announce an offer to restructure US$ 83 billion in foreign-currency bonds any moment as it tries to avoid default, despite shutting down the economy to contain the spread of the coronavirus.

• Friday, April 3rd 2020 - 07:59 UTC

  Argentina continues talks but moves forward plans for debt restructuring

  

  Argentina will continue talks this week and next with creditors over restructuring its US$ 83 billion in foreign debt, Economy Minister Martin Guzman said after the country missed the March 31 deadline it had set previously.