NEW YORK (Standard&Poor's) July 30, 2014--Standard&Poor's Ratings Services said today that its ratings, outlooks, and CreditWatch listings on Argentine nonsovereign entities (corporate companies, financial institutions, and local and regional governments) are not immediately affected by the downgrade of the global scale foreign currency ratings on Argentina to selective default (SD). The downgrade follows the sovereign's failure to make a $539 million interest payment on its discount bonds after the expiration of the grace period on July 30. We affirmed our 'CCC+/C' local currency ratings on Argentina, reflecting our view that the potential disruptions to interest payments on the sovereign's external debt are not likely to further erode its ability to service its debt issued in local
