January 10, 2019 |
Argentina's equity and bond markets are expected to be flat or log slight increases in 2019 as high country risks and the general elections in October could spoil an expected economic recovery in the second half of the year.
"The political risk level is at 700bp to 800bp, so bond and equity market activity will likely contract," said Julio Fermo, a partner at Columbus Merchant Bank in Buenos Aires. "On the other hand, there will be an increase in liability management and opportunities in PPPs as
High spreads and the October elections could keep corporate issuers away