This report supplements our research update "Argentina foreign Currency Ratings Lowered To 'SD' After Holders Of Discount Bonds Did Not Receive Interest Payment," published July 30, 2014. 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. Our selective default (SD) foreign currency rating on the Republic of Argentina reflects the nonpayment of part of its external debt. On June 30, 2014, Argentina failed to make a $539 million interest payment on its discount bonds due December 2033. On Sept. 30, 2014, Argentina also failed to make the interest payment on Par bond
