Economics
Fernandez Bonds Beat Ukrainian Debt on Growth: Argentina Credit
This article is for subscribers only.
Argentine bonds are outperforming Ukrainian securities this month by the most since October as the South American nation’s defaulted debt restructuring and surging exports help revive economic growth.
Argentine dollar debt has returned 7.8 percent since Aug. 31 as Standard & Poor’s raised the country’s credit rating on Sept. 13, compared with a 0.5 percent loss for Ukraine’s bonds, according to JPMorgan Chase & Co. indexes. The last time Argentine bonds beat Ukrainian notes was 11 months ago, when the difference was 9.3 percentage points.