Moody’s Frets Over Argentina

Moody’s Frets Over Argentina

Argentina

Argentina's key underlying rating constraints are exacerbated by its proposal to end the private pension fund system, says Moody's. "Although the proposal, if approved, would provide the government with greater financial flexibility in the short term, it undermines the government's already weak policy credibility and adds to negative perceptions about Argentina's institutional integrity – particularly governance and respect of contracts," says Moody's VP Mauro Leos. However, there is no imme

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