Moody’s doubts 'voluntary' Arg restructuring as currency controls return

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

Moody’s doubts 'voluntary' Arg restructuring as currency controls return

Hernan Lacunza, Argentina, finance minister, LatAm
(190829) -- BUENOS AIRES, Aug. 29, 2019 (Xinhua) -- Argentina's Finance Minister Hernan Lacunza speaks during a press conference in Buenos Aires, Argentina, Aug. 28, 2019. Argentina asked the International Monetary Fund (IMF) to begin talks about restructuring its debt payments on the 56-billion-U.S.-dollar bailout loan agreed last year, Finance Minister Hernan Lacunza said Wednesday. (Xinhua/Martin Zabala) | unreguser/Xinhua News Agency/PA Images

Moody’s said on Friday that it was placing “little weight” on the suggestion that a debt restructuring in Argentina would be voluntary. Sunday’s announcement of currency controls from the central bank showed how bad the situation had become.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login
Gift this article