Back

LatinNews Regional Monitor: Brazil & Southern Cone - 14 April 2020

TRACKING TRENDS

ARGENTINA | Debt crisis rolls on. International ratings agency Standard & Poor’s (S&P) downgraded Argentine debt on 7 April to SD (Selective Default), down from CCC-. This made it the third agency, after Fitch and Moody’s, to do so. The downgrade moves followed a government decree postponing debt service payment on US$10bn of dollar-denominated debts issued under local law.

End of preview - This article contains approximately 534 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.