Argentina scrambles to take advantage of declining borrowing costs

07/15/2010 | Bloomberg · Latin American Herald Tribune (Venezuela)

Argentina is moving closer to returning to the international bond market, said experts in emerging-market debt. The country is stepping up preparation of its first offering since defaulting on sovereign debt in 2001, after seeing the average yield on its U.S. dollar bonds fall 85 basis points since July 1. Fitch Ratings recently upgraded Argentina's credit rating after the country completed a restructuring of its defaulted debt.

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Bloomberg · Latin American Herald Tribune (Venezuela)

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