Argentina Regains Risk Rating After Demotion

With the government's announcement of "new terms and conditions" for the payment of its commitments, Standard & Poor's reported that it would raise the country's rating to the CCC category for long-term debt and the C category for short-term debt.

RIO DE JANEIRO, BRAZIL - Standard & Poor's (S&P) announced on Friday, August 30th, that Argentina will no longer have a SD (Selective Default) rating, which was awarded on Thursday afternoon, August 29th, after the government unilaterally announced that it will postpone the payment of debts . . .

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