For their part, Argentine papers operate with a majority of drops of up to 3.2% conditioned by the drop of up to 1% in the main New York stock exchanges. The falls of Transportadora Gas del Sur stand out, followed by Globant SA (-2.7%) and Central Puerto (-2.3%). Conversely, Irsa, Corporación América (1.4%) and Ternium (1.3%) advanced to 1.8%.
Bonds and country risk
In the fixed income segment, sovereign bonds in dollars operate with increases of up to 7% thanks to Bonar 2029, followed by Global 2038 (4.3%) and Global 2046 (3.1%). On the other hand, Global 2035 and Global 2030 (-0.4%) decreased to 1.1%.
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.
Thus, the risk country it falls for the second consecutive day to 2,080 basis points.
Source: Ambito
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