Agencies Take Action on Argentina

Agencies Take Action on Argentina

Argentina Corporate & Sovereign Strategy

S&P has lowered Argentina's rating to B minus from B and Fitch has revised the outlook on its B rating to negative, the agencies say separately, following last week’s court ruling in favor of holders of the country’s defaulted bonds. The move “reflects increased uncertainty about Argentina’s ability to service its international securities issued under New York law on a timely basis using the US financial system following the recent US Appeals court ruling,” Fitch says. The US Court ruled that Ar

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