Goldman Joins Chorus Backing Argentine Dollar Bonds Under Milei
- ‘Constructive’ initial steps likely to be rewarded, bank says
- Goldman cites recovery value of 45 cents, still sees premium
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Argentina’s distressed-debt is likely to keep rebounding as the new administration of President Javier Milei takes its first steps toward fiscal reform, according to Goldman Sachs Group Inc.
The bank added the country’s sovereign bonds to its basket of preferred emerging-market distressed credits, with strategists including Kamakshya Trivedi and Nathan Fabius saying the notes offer significant potential upside.