by Amruth Sundarkumar | Oct 31, 2022 | Sovereign Bonds, Sovereigns
Argentina’s Economy Minister Sergio Massa said that the country has reached an agreement with the Paris Club regarding $2bn of its outstanding debts. This agreement would help Argentinian firms to access credit from European institutions, he said. As per a...
by Amruth Sundarkumar | Oct 27, 2022 | Credit Ratings, Sovereign Bonds, Sovereigns
Argentina was downgraded to CCC- from CCC by Fitch on the back of several factors. Fitch believes that the nation’s external liquidity position is weak and even its local-currency repayment capacity stands compromised. Its forex reserves have been under pressure...
by Amruth Sundarkumar | Sep 28, 2022 | Corporates, Sovereign Bonds, Sovereigns
Select corporates and provincial Argentine bonds have rallied this year, with a significant divergence being observed compared to bonds of the sovereign. While Argentina’s sovereign dollar bonds are down 35% YTD, those of state-owned energy company YPF are up...
by Amruth Sundarkumar | Sep 7, 2022 | Sovereign Bonds, Sovereigns
Argentina has struck an agreement with the Inter-American Development Bank (IADB) where the latter will extend financing to the nation for almost $5bn in 2022 and 2023. The South American nation has been struggling with financial instability with inflation surging...
by Amruth Sundarkumar | Jul 4, 2022 | Sovereign Bonds, Sovereigns
Argentina’s Economy Minister Martin Guzman resigned on Saturday following escalating infighting within the government. His departure raises questions whether Argentina can comply with a $44bn IMF program, whose goals for the latter half of 2022 are seen as too lofty...
