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Moody’s rating agency warns that Argentina is at high risk of default and devaluation

RIO DE JANEIRO, BRAZIL - Moody's agency sovereign risk rating indicated that Argentina is at risk of defaulting again on its sovereign debt and having a significant exchange rate jump.

Moody's chief sovereign risk analyst for Argentina, Gabriel Torres, said in a virtual press conference that inflation will rise in 2022 and that the agreement with the International Monetary Fund (IMF) is a "necessary but not sufficient" measure to recover credibility.

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