by Karen Schwartz
Argentine corporates seeking funding are likely to have a rough
time in the months ahead. Local markets are illiquid and
expensive, while international investors are staying clear of
high-beta credits as they flee to safer assets. Fortunately,
the countrys issuers have few immediate needs, but they
will eventually require access to foreign capital if they wish
to grow, company executives tell LatinFinance.
Wait and See
Argentine CFOs talk to LatinFinance about their financing plans and what lies ahead. Borrowers are unlikely to regain market access anytime soon.
Like CFOs the world over, Argentine executives are staring
at a rather opaque future after having benefited from what has
been one of the strongest years for the country in terms of
growth. Uncertainties abound, however, now that Cristina
Fernandez de Kirchner has won her second term as president. GDP
growth may have hit 8.6% year-on-year in August, but economists
say that this was largely driven by pre-election stimulus, and
many are questioning the sustainability of her expansionary
Against a backdrop...
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