Argentina’s CGC plots exchange, Fitch expects default

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Argentina’s CGC plots exchange, Fitch expects default

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Oil Rig in the channel island near Ventura California. | Georg Henrik Lehnerer/Georg Lehnerer - stock.adobe.com

Argentine oil and gas company Compañía General de Combustibles (CGC) is looking to tackle a looming bond maturity with an exchange offer, following the example of YPF and Telecom Argentina.

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