Moody’s Negative on Argentina

Moody’s Negative on Argentina

Argentina Economy & Policy Corporate & Sovereign Strategy

Moody's has lowered the outlook on Argentina's B3 rating to negative from stable, it says. The rating agency cites a “haphazard” policy environment, concerns about official reporting of GDP, inflation and other data, and the sovereign’s lack of resolution to debt arrears with the Paris Club. “The combination of unreliable economic statistics, continued underpayment of debt obligations, and lack of resolution of debt arrears one decade after the original default represent conditions that are uniq

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