Rating on Argentina Boden Debt Raised to 'CCC'; Guaranteed Loans Assigned 'CC' Rating - S&P Global Ratings’ Credit Research

Rating on Argentina Boden Debt Raised to 'CCC'; Guaranteed Loans Assigned 'CC' Rating

Rating on Argentina Boden Debt Raised to 'CCC'; Guaranteed Loans Assigned 'CC' Rating - S&P Global Ratings’ Credit Research
Rating on Argentina Boden Debt Raised to 'CCC'; Guaranteed Loans Assigned 'CC' Rating
Published Aug 28, 2003
833 words — Published Aug 28, 2003
Price US$ 150.00  |  Buy this Report Now

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Abstract:

NEW YORK (Standard&Poor's) Aug. 28, 2003--Standard&Poor's Rating Services said today that it raised its rating on the Republic of Argentina's Argentine peso-denominated and U.S. dollar-denominated Bonos del Gobierno Nacional (BODENs) bonds to 'CCC' from 'CC'. Standard&Poor's also assigned its 'CC' long-term local currency rating to Argentine peso-denominated National Government Guaranteed Loans ("Prestamos Garantizados"). In addition, Standard&Poor's affirmed its 'CC' ratings on Argentina's partially guaranteed Series E and Series F US$250 million zero coupon notes. The long-term local and foreign currency sovereign credit ratings on Argentina remain 'SD'. Argentina issued BODENs after its 2001 default. They are designed to compensate depositors for deposits frozen in the banking system and banks for the early

  
Brief Excerpt:

RESEARCH Rating on Argentina Boden Debt Raised to '###'; Guaranteed Loans Assigned '##' Rating Publication date: 28-Aug-2003 NEW YORK (Standard & Poor's) Aug. 28, 2003--Standard & Poor's Rating Services said today that it raised its...

  
Report Type:

Ratings Action

Ticker
1310Z@AR
Issuer
Argentina
Sector
Global Issuers, Structured Finance
Country
Argentina
Region
Latin America
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Rating on Argentina Boden Debt Raised to 'CCC'; Guaranteed Loans Assigned 'CC' Rating" Aug 28, 2003. Alacra Store. May 17, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Rating-on-Argentina-Boden-Debt-Raised-to-CCC-Guaranteed-Loans-Assigned-CC-Rating-330711>
  
APA:
S&P Global Ratings’ Credit Research. (). Rating on Argentina Boden Debt Raised to 'CCC'; Guaranteed Loans Assigned 'CC' Rating Aug 28, 2003. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Rating-on-Argentina-Boden-Debt-Raised-to-CCC-Guaranteed-Loans-Assigned-CC-Rating-330711>
  
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