RIO DE JANEIRO, BRAZIL - What do we mean when we talk about high country risk? Yesterday, the index prepared for Argentina by JP Morgan and watched by international investors reached a new maximum since the debt restructuring - 1,816 basis points. That left the country in the "cursed podium" of Latin American nations.
Except for Venezuela (which currently has a country risk above 30,000 basis points), Argentina is the Latin American country with the numbers much worse than El Salvador, with about 1,200, and Ecuador, with about 800.
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