Weekly Report - 09 April 2020 (WR-20-14)
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.
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