Argentina Bonds Eyeing Lows on Flurry of Negative Headlines
- Government debt falls again after Economy Minister resigned
- Fitch, S&P downgraded Argentina further into junk on Friday
A demonstration passes in front of the Central Bank of Argentina in Buenos Aires on Aug. 13, 2019.
Photographer: Erica Canepa/BloombergThis article is for subscribers only.
After a brief respite at the end of last week, Argentina’s debt is getting hammered again.
The nation’s offshore notes approached new lows on Monday, close to wiping out the small rebound from late last week, after the country was downgraded deeper into junk territory by two of the three biggest ratings companies and the Economy Minister Nicolas Dujovne resigned.