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Emerging MarketsEM LatAm

Argentina dodges Paris default but bonds still slide

Argentina, Chess, negotiations, stalemate, LatAm, restructuring, 575

Analysts said that Argentina’s deal to postpone $2bn of debt owed to the Paris Club was a credit positive, though it was not enough to halt another recent fall in the sovereign’s bond prices as the medium-term likelihood of a default remains high.

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