Sovereign Drags Arcor to Single B

Sovereign Drags Arcor to Single B

Argentina Corporate & Sovereign Strategy

Moody’s has lowered the rating of Argentina’s Arcor to B1 from Ba2, it says, mostly on the weakness of Argentina’s rating. “The rating actions reflect Moody's view that Arcor ultimately cannot be completely de-linked from the credit quality of the Argentinean government (B3, stable), and thus its ratings need to more closely reflect the risk that they share with the sovereign,” the agency says. It does not see deterioration in Arcor’s intrinsic credit quality. In order to be rated significantly

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial