Moody’s Investors Service may cut
Argentina’s debt rating because of the government’s
unpredictable policies, newspaper Clarin reported, citing
Moody’s analyst Gabriel Torres.
Argentina’s B3 rating, six levels below investment grade,
may be cut further to a level similar to Cuba’s, the Buenos
Aires-based newspaper said, citing Torres.
The company has a negative outlook on Argentina because of
its accelerating inflation, foreign exchange restrictions, the
government’s use of pension funds and central bank reserves, a
lack of clarity in its statistics and its defaulted debt with
the Paris Club, Clarin cited Torres as saying.
To contact the reporter on this story:
Eliana Raszewski in Buenos Aires at
eraszewski@bloomberg.net
To contact the editor responsible for this story:
Joshua Goodman at
jgoodman19@bloomberg.net