Argentine issuers face higher funding costs as peso dips

Argentine issuers face higher funding costs as peso dips

Debt Capital Markets Argentina

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

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