Chubut mulls reprofiling debt

Chubut mulls reprofiling debt

Debt Asset Management Capital Markets Bonds Corporate & Sovereign Strategy Economy & Policy Fixed Income Funds Argentina

Chubut is looking to reprofile its debt and reduce public spending, adding its name to a list of Argentine provinces that have run into financial problems after years of high interest rates and tight access to credit. The government of the southern province plans to seek legislative approval for the reprofiling and spending cuts, including offering early retirement to reduce the public workforce by 15% to 20%, halting new hires for four years and suspending salary hikes for six months, Argentina

Already have an account?

Free trial

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

Free Trial