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Moody’s Drops Argentina

Mar 18, 2013

Moody's has downgraded Argentina's foreign credit rating to Caa1 from B3, it says, due to the increased defult risk coming from the US court proceedings. The move affects Argentina’s foreign-jurisdiction debt, with the agency maintaining the sovereign’s domestic-legislation debt at B3. Argentina...

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There is performance risk that the market is going to have to evaluate and assess. I think that is very healthy for the market because that will enable us to finance a much wider range of projects.

Luis Fernando Andrade, Colombian National Infrastructure Agency


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