Argentina rules out default as market reprices risks

Argentina rules out default as market reprices risks

Bonds Corporate & Sovereign Strategy

Argentina’s president Cristina Fernandez said her government would pay investors holding restructured bonds, despite a court decision that could have pushed the country into default territory. The statement came as the country’s CDS widened further, and its bonds were downgraded. The US Supreme Court on Monday upheld a ruling by a lower court calling for the country to pay holdout creditors before servicing restructured debt from the country’s 2002 default. The decision came nearly two weeks ahe

Already have an account?

Free trial

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

Free Trial