May 15, 2018 |
Argentine bond issuers are staring at higher funding costs from the capital markets as the country's peso slid to another record low on Monday.
Last week's outreach to the IMF and regional multilateral financiers may have quelled investors' immediate concerns, but Argentina's structural weaknesses have been found out amid the depreciation of the peso.
Moody's said in a report on Monday that fiscal and current account deficits, "rampant" double-digit inflation, a small financial system and a "hea
The country's fiscal, current account deficits and high inflation could limit borrowers' access to global markets, Moody's