On the position of the local market before an agreement between the two parties, he opined that “He is going to try to look at the agreement as a form of long-term plan and see if they believe the country or not.”
From his point of view, the key for Argentina “is to make more or less achievable goals” and that if they are met, the market will have “a very positive outlook”, which will be important since “if Argentina does not return to the market, enters default ”.
Torres’ vision is in line with the scenario envisaged by the rating agency for Argentina after closing an agreement with the international credit organization.
At 21 possible notches, Moody’s rating for the country is at number 20 with the highest risk.
The rating given by the agency is CA, that is, for an investor, Argentina has high chances of default.
Regarding the diagnosis, the rating agency points out as a problem the lack of confidence and the few definitions of the fiscal and monetary policies that the Government carries out.
Source From: Ambito
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