Argentina may face higher restructuring costs

Argentina may face higher restructuring costs

Asset Management Bonds Debt Capital Markets Corporate & Sovereign Strategy Economy & Policy Fixed Income Funds Structured Finance Regulation Politics Argentina US

The rout in the global financial markets on Monday may hit Argentina even harder than other countries by pushing up the cost of a looming deal to restructure more than $100 billion in debt and by prolonging an economic recession already in its third year, analysts said. The markets plunged as a clash over crude oil prices between Saudi Arabia and Russia, two of the world's largest producers, caused prices to tank, while the continued spread of the coronavirus, COVID-19, soured economic growth pr

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