Tag: Elliot Management fund

Wednesday, December 5th 2012 - 00:07 UTC
US court rules in favour of Argentina: denies security deposit requested by hedge funds

US appeals court refused to order Argentina to post a security deposit of at least 250 million dollars while it seeks to overturn a lower court ruling that orders it to pay holdout investors 1.33 billion.
Wednesday, November 28th 2012 - 05:37 UTC
Fitch downgrades Argentina’s credit rating fearing ‘probable default’

Fitch Ratings agency announced on Tuesday it has downgraded Argentina's long-term foreign currency Issuer Default Rating from “B” to “CC,” with a negative outlook, as it sees a “probable default” if the country misses its payment to holdout investors.
Tuesday, November 27th 2012 - 04:52 UTC
Investors holding restructured Argentine bonds also appealed Judge Griesa’s ruling

Investors holding 1 billion dollars worth of restructured Argentine debt said they also appealed to US District Judge Thomas Griesa’s ruling that they fear would trigger another default and prevent them from being paid principal and interest due on their bonds next month.
Saturday, November 17th 2012 - 23:29 UTC
Argentina in last minute effort argues possible ‘technical default’ before Judge Griesa

Argentina asked a US judge late Friday night to maintain his order blocking payment on defaulted sovereign bonds to holdout investors until lingering questions are settled in a higher court's appeals process.
Saturday, November 10th 2012 - 05:32 UTC
Judge Griesa warns Argentina on defying paying holdout bondholders

US District Judge Thomas Griesa told Argentina it should not even consider evading a recent ruling requiring it to pay bondholders who did not participate in two major debt restructurings after the country's 2002 default.
Friday, November 9th 2012 - 06:34 UTC
Judge Griesa summons new hearing on case of hedge funds holding Argentine bonds

US Judge Thomas Griesa summoned a new hearing at New York Court over the case of investment funds against Argentina. The judge agreed with both parts a hearing on Friday to define the following steps after the US Appeals Court ruling issued on October 26.
Wednesday, October 31st 2012 - 04:44 UTC
S&P lowers Argentina’s rating, as credit-default insurance soars to highest in the world

Argentina’s credit rating was cut one level by Standard & Poor’s, which referred to a US appeals court ruling that prevents the country from honouring its debt without also paying holders of its defaulted bonds.
Friday, October 26th 2012 - 20:39 UTC
US Court rules against Argentina: all bondholders must be treated equally, including hold outs

US appeals court ruled Argentina discriminated against bondholders who refused to take part in massive debt restructurings in 2005 and 2010 by deciding to pay them later than bondholders who agreed to participate.
Thursday, October 25th 2012 - 06:47 UTC
ARA Libertad-Romney family link makes Cristina criticize the Republican candidate

Argentine President Cristina Fernández joined the US presidential campaign harshly criticizing Republican candidate Mitt Romney and stating she is “more alike” the current head of state, Democrat Barack Obama, who is running for re-election.
Thursday, October 25th 2012 - 06:28 UTC
Argentine seamen are back in Buenos Aires; small group remains in Ghana

After three weeks retained in Ghana, members of the crew and cadets from the Argentine Navy training vessel ARA Libertad arrived past midnight Wednesday to Ezeiza airport in Buenos Aires where relatives and media were waiting.