Argentina defaults as creditor talks end without deal

Argentina defaults as creditor talks end without deal

Corporate & Sovereign Strategy

Argentina’s economy minister Axel Kicillof refused to accept the sovereign had entered default on Wednesday after a series of last-minute negotiations with holdout creditors ended without an agreement. Parallel discussions between Argentina’s banking association and the holdouts in search of a work-around solution also fell through, leaving the path ahead for the sovereign unclear. Standard & Poor’s was the first to label the sovereign in default, cutting its rating on Argentina to Selective Def

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