VOICED: Argentina: le bajaron la nota

Standard & Poor's downgraded Argentina's economic outlook from stable to negative due to recent government policies, including the expropriation of YPF, which strained relations with Spain and the EU. Argentina's economic risks have increased, affecting its macroeconomic framework and external liquidity. Despite repaying most of its debt since the 2001 default, Argentina still owes $6.1 billion.

What was the reason given by Standard & Poor's for downgrading Argentina's economic outlook?

• Increased macroeconomic risks and external liquidity pressures

• Improved trade relations with Spain

• Decrease in foreign investments

• Stable economic growth

What significant action did President Cristina Kirchner take regarding YPF?

• Increased its foreign investments

• Expropriated 51% of its shares from Repsol

• Merged it with another Argentine company

• Sold it to a US company

How did Spain react to Argentina's expropriation of YPF shares?

• Increased trade with Argentina

• Invested more in Argentine companies

• Supported Argentina's decision

• Reduced the purchase of Argentine biodiesel

What financial event in 2001 significantly impacted Argentina's international investment status?

• A successful trade agreement with the EU

• A significant rise in GDP

• A default on over $90 billion of debt

• A major increase in foreign investments

How much debt does Argentina still owe after settling most of its obligations?

• $50 billion

• $10 billion

• $6.1 billion

• $90 billion