Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 2

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'.
 
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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