NEW YORK (Standard&Poor's) April 15, 2002--Standard&Poor's recently issued a chronology of events that mark the most relevant developments since Argentina's sovereign debt default in November, especially with respect to sovereign intervention (transfer and convertibility measures) and functionality of the financial and payment systems. The report also highlights the key deteriorating trends of 2001. "This chronology is part of our efforts to document the Argentine crisis comprehensively, developing a detailed historical record to be used for future reference, criteria discussions, and case studies of features affecting the probability of local issuers honoring their obligations after sovereign default," said Carina Lopez Espiño, associate director with Standard&Poor's Financial Services Ratings in Buenos Aires and co-author of the
