Argentinian bonds are among the cheapest globally and perform worse than those from Ukraine, a country currently at war.
Sergio Massa, the current Economic Minister and a candidate for President, recently spoke about this. He said the prior debt restructuring was not effective.
In this setting, Moody's Investors Service issued a warning. They say Argentina's government-issued bonds carry a high risk of default.
A report from Moody’s, signed by Jaime Reusche, explained the details. "Our base scenario sees a high chance of the government failing. . .
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