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Emerging MarketsEM LatAm

Río Negro finds support for sweeter restructuring offer but Argentina woes pressuring provinces

Argentina, San Carlos de Bariloche, Rio Negro, LatAm, Patagonia, 575

The Argentine Province of Río Negro on Tuesday launched a consent solicitation that has already earned the support of more than half of bondholders after it improved an initial restructuring offer. But analysts warned that Argentina’s deteriorating economy was forcing provinces to be less aggressive in renegotiating their obligations.

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