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Fitch Lowers Argentina's Foreign Currency Rating to C

Por: MarketWatch Business March 24, 2023

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According to Fitch, the executive decree would involve unilateral exchanges and forced currency conversion that constitute default events under Fitch's criteria. Fitch said the C rating reflects its view that default is thus imminent. Upon execution of the exchanges, the rating would be downgraded to Restricted Default, or RD, Fitch said. On March 22, the Argentine government issued two decrees that force certain public-sector entities to... + full article



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