Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 2 (6 lettori)

marcob77

Moderator
su quali bond? Ti riferisci ai buoni del tesoro in valuta locale immagino.
purtroppo no. SD su
Fitch Downgrades Argentina to 'RD'
20 DEC 2019 02:38 PM ET


Fitch Ratings - New York - 20 December 2019:

Fitch Ratings has downgraded Argentina's Long-Term Foreign Currency Issuer Default Rating (IDRs) to 'RD' from 'CC', and Short-Term Foreign Currency IDR to 'RD' from 'C'.
 

marcob77

Moderator
su quali bond? Ti riferisci ai buoni del tesoro in valuta locale immagino.
Fitch Downgrades Argentina to 'RD'
20 DEC 2019 02:38 PM ET



Fitch Ratings - New York - 20 December 2019:

Fitch Ratings has downgraded Argentina's Long-Term Foreign Currency Issuer Default Rating (IDRs) to 'RD' from 'CC', and Short-Term Foreign Currency IDR to 'RD' from 'C'.




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Argentina Downgraded To 'SD' On Short-Term Debt Maturity Extension; Long-Term Issue Ratings Lowered To 'CC' From 'CCC-'
  • 20-Dec-2019 16:57 EST
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  • Table of Contents
Overview
  • The administration of President Alberto Fernandez announced on Dec. 19, 2019, a unilateral extension (until August 2020) of U.S. dollar-denominated short-term paper (Letes) held by private-sector market participants.
  • This constitutes default under our criteria, and we are lowering the foreign currency long-term sovereign credit rating on Argentina to 'SD' from 'CCC-' and the short-term rating to 'D' from 'C'.
  • We are also lowering the local currency long-term sovereign credit rating to 'CC' from 'CCC-', given the heightened prospects for restructuring all long-term debt soon. We also affirmed the local currency short-term sovereign credit rating at 'C'.
  • Uncertainty about the government's broader strategy and its intention to make timely payment on peso-denominated debt due in the coming weeks will inform when we could raise the sovereign credit rating from 'SD'.
 

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