Argentina ready to stick it to the bond lords yet again!
The downgrades follow Fitch’s recent downgrade of Argentina’s sovereign rating to CCC—which means a high default probability.
The entire power sector in Argentina is heavily reliant on government subsidies for survival. And Argentina is running out of money. Its central bank has around $18 billion to its name, over $320 billion less than what the central bank of Brazil has in its foreign currency reserves, and about $5 billion less than frontier markets Ukraine and Kazakhstan.Electric utilities in Argentina are exposed to CAMMESA, the central price regulatory agency for power companies.
The recent downgrade of Argentina’s foreign debt rating is based on the policy uncertainty of a Fernandez government.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Hong Kong stocks at 'compelling' lows and could be a buying opportunity, strategist saysHong Kong's battered stocks may be on the cusp of a historic buying opportunity, with eleven straight weeks of protest and a protracted trade war pushing equity valuations to 'compelling' lows.
Leer más »
More than 1 million people default on their student loans each yearOutstanding education debt in the U.S. has tripled over the last decade and now exceeds $1.5 trillion, with more than 1 million people defaulting on their student loans each year.
Leer más »
16 Taylor Swift Songs That Will Destroy Your LifeHidden on Fearless is this sleeper hit about dating a perfectly nice boy who turns out to be, well, boring as hell. Instead, an unimpressed Taylor daydreams about her ex and their batshit-cray romance of yesteryear, singing, 'I miss screaming and fighting and kissing in the rain.' 'Rollercoaster kind of rush,' indeed.
Leer más »
16 'Gotta-Know-'Em' Tips for Using Dating Apps AbroadYou're in town for a few days. How do you maximize your Tinder game? Glad you asked. Here are 16 tips on how to knock your dating app game out of the park.
Leer más »