Tag: Thomas Griesa

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.
Wednesday, November 14th 2012 - 23:44 UTC
Holdout bonds’ ruling: Argentina files a retrial petition at the US Court of Appeals

Argentina filed on Tuesday a petition for a retrial at the US Second Circuit Court of Appeals over a debt ruling that would force the country to pay holdout creditors owning bonds in default since 2002.
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.
Tuesday, November 6th 2012 - 20:04 UTC
Argentina reiterates it will use all legal means to defend position against US court ruling

Argentina will use all legal means to defend its position against a US court ruling that would force the country to repay creditors who sued to collect on defaulted Argentine bonds, Economy Minister Hernan Lorenzino reiterated in Mexico.
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.
Wednesday, October 31st 2012 - 04:00 UTC
Fitch Ratings downgrades Argentine bonds following Judge Griesa ruling

Fitch Ratings has placed Argentina's Long-term foreign currency Issuer Default Rating (IDR) of 'B', Short-term IDR of 'B' and the international bonds issued under New York Law on Rating Watch Negative (RWN).
Saturday, October 27th 2012 - 04:23 UTC
Argentina rejects bonds’ discrimination ruling and will go to US Supreme Court

Argentina downplayed the significance of the US Appeals Court ruling in support of investment funds that were ‘discriminated’ in the payment of their sovereign bonds vis-à-vis those that accepted the restructure of the massive 2002 Argentine default.
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.
Monday, October 8th 2012 - 06:28 UTC
Ghana court to hold hearing on retained Argentina’s ARA Libertad on Tuesday

Next Tuesday the Ghana Supreme Court will be holding a hearing to consider a motion from the government of President Cristina Fernandez requesting the annulment of the injunction retaining Argentina’s navy training vessel ARA Libertad following a legal proceeding from a hedge fund holding Argentine defaulted sovereign bonds.