Argie Exchange Helps a Little: Fitch

Argie Exchange Helps a Little: Fitch

Argentina

Argentina’s recent $4.35bn local debt exchange improves the sovereign’s repayment capacity in the near term, says Fitch, though the government’s financing position remains weak due to limited funding sources and continued deterioration in fiscal accounts. “Sustainable and coherent policy adjustments, renewed access to global financial markets, as well as improvements in the transparency of official data, could bolster Argentina’s creditworthiness,” the agency says. The government has touted the

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