The Government credited on Monday the payment of the interests of the “hard dollar” titles for around US$1.100 million, a currency that partly returned to the stock market and of the debt titles themselves, said operators.
Agency S&P Global on Monday raised its long-term local currency sovereign credit ratings on Argentina to “CCC-/C” from “SD/SD” and affirmed its foreign currency ratings at “CCC+/C.”
This decision was adopted after considering the debt-for-peso swap carried out last week as “cured”, since the new instruments were delivered to bondholders.
On Wall Street, Argentine papers are trading up up to 6% where Edenor, Corporación América (2%) and Irsa (1.8%) stand out. Conversely, Transportadora Gas del Sur (-1.9%), Grupo Financiero Galicia (-0.9%) and Central Puerto (-0.8%) fell.
Bonds and country risk
In the fixed income segment, sovereign bonds in dollars operate with the majority of increases from the Globals up to 3% led by the Global 2038, followed by the Global 2041 (1.3%) and Global 2046 (1.1%). For their part, the Bonar 2038 (-0.8%) and the Bonar 2041 (-0.7%) fell. Thus, the risk country it falls for the second consecutive day to 2,080 basis points.
Source: Ambito
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