Buenos Aires province faces possible default, Moody's says

Buenos Aires province faces possible default, Moody's says

Bonds Debt Capital Markets Fixed Income Regulation Politics Argentina

The province of Buenos Aires, the largest and most indebted in Argentina, could default on its debts in the next year or so, Moody's said this week, but a market source said the borrower still has a chance to stay on top of its payments. The credit rating agency warned that the province faces "significant challenges" this year and next to pay its debts, "given its large exposure to foreign-currency debt, challenging debt maturity profile and weakened fiscal position."The challenges, Moody's adde

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