News of default

Argentina default on foreign currency debt 'imminent,' says Fitch

25-03-2023 09:34 Fitch Ratings downgraded Argentina's foreign currency debt on Friday by two notches to leave it hovering one level above default.

DEBT DEBATE

UN development chief sounds alarm over debt distress

06-03-2023 12:23 A top United NAtions official has warned that "urgent" measures are needed to help 52 countries, including Argentina, facing debt repayment problems that put some at risk of default.

Debt bond buyback

What’s a default? Argentina’s debt buyback splits S&P, Moody’s

27-01-2023 14:35 The world’s most-watched credit assessors are split after Moody’s Investors Service classified Argentina's plan to repurchase its debt in the open market as a distressed exchange.

BOND BUYBACK

Argentina’s bond buyback plan sets off Moody’s default alarm

26-01-2023 15:10 Plan to repurchase US$1 billion of overseas bonds meets the definition for a default, according to Moody’s.

BLOOMBERG

Default jitters mount in Argentina as local yields top 70%

27-06-2022 13:12 Two years after Argentina emerged from its latest default, a debt crisis in brewing once again.

BLOOMBERG

Bond chaos in Argentina sparks traders’ rush to provincial notes

25-04-2022 15:36 Investors are snapping up securities issued by the provinces of Córdoba, Neuquén, Mendoza and Chubut, turning them into the nation’s top performers this month.

IMF DEBT DEAL

Congress greenlights debt deal – ball now in IMF’s court

18-03-2022 21:46 US$45-billion agreement signed into law by president; Deal now needs approval by IMF’s Executive Board.

IMF DEBT TALKS

Argentine officials travel to Washington for IMF talks

02-12-2021 16:15 A technical mission team with officials from Argentina's Economy Ministry and Central Bank will travel to Washington on Saturday to meet with representatives from the International Monetary Fund.

INTERVIEW / PERIODISMO PURO

Martín Guzmán: ‘We want an agreement with IMF before March’

12-11-2021 00:01 Economy Minister Martín Guzmán discusses Argentina's talks with the International Monetary Fund at a crucial moment for the ruling Frente de Todos coalition – just days before the midterm elections.

by Jorge Fontevecchia

BLOOMBERG

Buenos Aires Province to restructure 98% of bonds in debt deal

30-08-2021 16:04 Deal caps Argentina’s most recent round of debt restructurings, after nearly every province reached deals with bondholders over the past 12 months and the national government restructured its own US$65 billion in securities a year ago.

DEBT RESTRUCTURING

Buenos Aires Province: Debt swap has 90% support from creditors

26-08-2021 13:37 La Plata says it has reached an agreement with 90% of creditors to restructure more than US$7 billion of foreign debt, paving the way for region to exit default after 16 months.

BLOOMBERG

In oddball Argentina, provinces seen as safer than sovereign

23-08-2021 13:10 Over the past three months, overseas bonds issued by provinces have handily outperformed sovereign counterparts, cementing their status as the preferred choice for investors.