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Argentina warns US of 'vulture funds'

EU Times — Sat, 01 Nov 2014 14:17:07 +0000

Argentina’s President Cristina Kirchner has warned the United States against the serious consequences of what she called US officials’ slandering Buenos Aires over its debts. In a harsh five-page letter on Friday, the Argentina president criticized US President Barack Obama’s choice of hire for a high-level advisory position in his administration. “Could this be a […]

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Argentina Congress OKs law restructuring debt payments

EU Times — Fri, 12 Sep 2014 10:42:23 +0000

The Argentinean Congress has adopted a new law enabling Buenos Aires to pay back the country’s debts to US creditors, sidestepping an earlier US court ruling in favor of the bondholders. On Thursday, the lower house of Argentina’s Congress unanimously voted in favor of the new debt restructuring plan which allows the government to make […]

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Fitch Ratings downgrades Argentina on default concerns

EU Times — Wed, 28 Nov 2012 22:15:40 +0000

The Fitch ratings agency has downgraded Argentina five notches, saying the country could default on its obligations to US creditors. That’s after a US judge ordered Argentina to set aside $ 1.3bn for debt repayment by December 15. The rating agency cut its long-term rating for Argentina to “CC” from “B,” with the short-term rating […]

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