Friday, January 21

For Moody’s, there is risk of another default

The risk rating agency Moody’s warned yesterday that Argentina faces a risk of falling back into default on its sovereign debt. This was pointed out by the vice president of the US company, Gabriel Torres, in a virtual conference in which he also considered that the agreement with the International Monetary Fund is a necessary but not sufficient condition to improve the country’s financial situation. “The market takes for granted that Argentina is going to have to restructure its debt. We maintain Argentina’s rating at a level that is consistent with a default. The country has an amount of debt in dollars that it has to refinance with the private sector that is impossible to pay if it does not have access to the markets, ”said Torres.