S&P says Argentina foreign currency ratings placed on creditwatch negative following missed interest payment
- Affirmed ‘ccc+/c’ long- and short-term local currency sovereign credit ratings and ‘rabb+’ national scale rating
- Outlook on the long-term local currency rating for Argentina remains negative
- Will lower foreign currency sovereign credit ratings on Argentina to selective default if it fails to pay delinquent interest on discount bonds
- Creditwatch placement reflects view of at least a one-in-two probability that argentina will not pay the outstanding $539 mln interest payment
Headlines via Reuters
