VOICED : Moody s sube la nota de la deuda argentina

VOICED : Moody s sube la nota de la deuda argentina

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Interactive Video

Business, Social Studies, History

9th - 12th Grade

Hard

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Moody's upgraded Argentina's sovereign debt rating following a U.S. court ruling that allows the country to return to international markets after its 2001 default. The Financial Rating Agency made this decision based on expectations that Argentina will resolve payments to its creditors. The announcement coincides with the government's plan to issue $15 billion in bonds. This move helps Argentina close the chapter on its 2001 default and allows it to take on new debt, which is beneficial in the short term due to fiscal imbalances. However, long-term solutions are needed to address these imbalances. The government plans to use the funds to pay $10.5 billion to creditors and address the budget deficit.

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3 mins • 1 pt

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