Argentina’s Country Risk Rises to 1,417 Points; Investors Fear Economic Measures

The Argentine risk prepared by JP.Morgan bank rose 17 units, to 1,417 basis points, the highest since the beginning of last December.

RIO DE JANEIRO, BRAZIL - Argentina's country risk reached a maximum of 1,417 basis points on Tuesday, reflecting investors' fears about the behavior of the domestic economy and doubts about the international situation of the markets, traders told Reuters.

They said that the financial problems faced by Argentina, which is negotiating with the International Monetary Fund (IMF) a new agreement for unpaid debt, are compounded by fears of new confinements in Europe due to the increase in cases of COVID-19.

“The political and economic uncertainty continues to weigh on the country, amid fears of the health crisis and . . .

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