• The nation was downgraded by two notches to C from CCC- by Fitch, according to a Friday statement. The debt swap that was announced in an official government decree on Thursday, would involve unilateral exchanges and forced currency conversions that qualify as a default under Fitch’s criteria.
  • Link here: https://www.fitchratings.com/research/sovereigns/f...

ARGENTINA: Fitch Downgrades Argentina's Foreign Currency Rating to 'C'

Last updated at:Mar-24 18:16By: Jack Lewis
  • The nation was downgraded by two notches to C from CCC- by Fitch, according to a Friday statement. The debt swap that was announced in an official government decree on Thursday, would involve unilateral exchanges and forced currency conversions that qualify as a default under Fitch’s criteria.
  • Link here: https://www.fitchratings.com/research/sovereigns/f...

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