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Fitch Downgrades La Rioja Province To 'RD'

ARGENTINA
  • FITCH DOWNGRADES ARGENTINIAN PROVINCE OF LA RIOJA TO 'RD' (BBG)
  • "The downgrade of La Rioja´s ratings follows the province´s non-payment of its senior unsecured notes due in 2028, specifically a principal semi-annual payment due Feb. 24, 2024 in the amount of USD15.9 million. The province's failure to cure the missed principal payment after the three-day cure period is considered an event of default as per the transaction documents and by Fitch" - Fitch

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