Argentina’s government bond rating has been Caa2 since August 2019, currently under RUR » The review for downgrade reflects our view that there is a significant risk of higher losses expected from future negotiations between the government and debt holders
» We could confirm the current rating if the expected terms for the debt restructuring limit investors' losses to around 10%-20% » We would downgrade the rating if we were to conclude that expected losses to investors will likely be higher than 20% Ratings
Foreign Currency
Local Currency
Gov. Bond Rating
Caa2/Ratings Under Review
Caa2/Ratings Under Review
Country Ceiling
Caa1
B2
Bank Deposit Ceiling
Caa1
B2
Source: Moody’s Investors Service
Argentina Debt Restructurings, February 2020
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