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Moody’s Says It May Cut Argentina’s Debt Rating, Clarin Says

Oct. 3 (Bloomberg) -- Moody’s Investors Service may cut Argentina’s debt rating because of the government’s unpredictable policies, newspaper Clarin reported, citing Moody’s analyst Gabriel Torres.

Argentina’s B3 rating, six levels below investment grade, may be cut further to a level similar to Cuba’s, the Buenos Aires-based newspaper said, citing Torres.

The company has a negative outlook on Argentina because of its accelerating inflation, foreign exchange restrictions, the government’s use of pension funds and central bank reserves, a lack of clarity in its statistics and its defaulted debt with the Paris Club, Clarin cited Torres as saying.

To contact the reporter on this story: Eliana Raszewski in Buenos Aires at eraszewski@bloomberg.net

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net

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