February 18, 2025 02:23 GMT
EM LATAM CREDIT: Argentina (ARGENT, Caa3pos/CCC/CCC) LC rating downgrade
EM LATAM CREDIT
Argentina (ARGENT, Caa3pos/CCC/CCC)
"*S&P: ARGENTINA CCC FOREIGN CURRENCY RATING AFFIRMED" - BBG
"*S&P: ARGENTINA LOCAL CURRENCY SOVEREIGN RATING LOWERED TO SD" - BBG
- S&P stating that recent peso debt exchanges are akin to distressed transactions, and under S&P methodology are selective defaults.

Keep reading...Show less
39 words