Fitch Downgrades Argentina's Credit Rating Fearing 'Probable Default'
Become a member: Subscribe
NTS Headlines
Headlines by Category
Headlines by Year
Solari’s Building Wealth materials are organized to inspire and support your personal strategic and financial planning.
Building Wealth
This 6-pillar curriculum teaches the basic literacy we need to be personally and financially successful and to do so in a manner in which together we evolve a culture that supports the emergence of an advanced human civilization.
Missing Money
Articles and video discussions of the $21 Trillion dollars missing from the U.S. government
Connect with the wider network of like-minded Solari subscribers using our in-house social media platform, Solari Connect.
No posts
Fitch Downgrades Argentina’s Credit Rating Fearing ‘Probable Default’
By Merco Press
The agency stated in a communiqué that “the increased probability that Argentina will not service its restructured debt securities issued under New York law on a timely basis reflects US District Judge Griesa’s decision on Nov. 21 to remove the stay order on the ruling that Argentina must pay 1.33 billion dollars to holdout investors concurrent with or prior to its payments due to holders of the 2005 and 2010 restructured debt.”
Fitch assured that a missed payment could lead to a “cross default on all exchanged debt securities issued under international law.”
“A missed coupon payment of any other external securities would also trigger a cross default on all exchanged bonds issued under international law,” it continued.
Related Reading:
Argentina Court Freezes Chevrons Assets: Penalty for Polluting the Amazon in Ecuador
Color Revolutions: Argentina Next?
Argentina Wins Court Delay Over Debt
