Argentina Pushes for Appeal, Sees Downgrade

Argentina Pushes for Appeal, Sees Downgrade

Argentina Bonds Economy & Policy Corporate & Sovereign Strategy

Argentina’s government has filed to appeal the most recent US court judgment, it says, while Fitch has lowered its rating to CC on the likelihood of a default. In an attempt to avoid a default next month, Argentina appealed a US court order issued last week to pay $1.3bn to holdout creditors. The order is based on a previous ruling that Argentina must treat holdouts equally to bondholders who accepted 2005 and 2010 bond swaps. In a new twist, the government says that if the US judge arranged a f

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