This report supplements our research update "Argentina Foreign Currency Ratings Remain 'SD/SD'; 'CCC+/C' Local Currency Ratings Affirmed, Outlook Negative," published on April 1, 2015. To provide the most current information, we may cite more recent data than that stated in the previous publication. These differences have been determined not to be sufficiently significant to affect the rating and our main conclusions. The selective default ('SD') foreign currency ratings on the Republic of Argentina stem from its nonpayment of part of its external debt. On July 30, 2014, Argentina failed to make a $539 million interest payment on its discount bonds due in December 2033. Since then, Argentina has not been able to service any of its external bonds under foreign
