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

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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.

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