Argentina: all is forgiven

18 April 2016

 

It has only been six weeks since Argentina struck a deal with US-based bond holders which was viewed as allowing the South American country to return to international debt markets. Argentina defaulted on interest payments on its bonds in 2001/2002 and the South American country has been in the capital markets wildness since. Now Argentina has cajoled Moody’s into raising the country’s credit rating to B3, which by the way is...

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