- French soldier stabbed while on patrol near Paris
- REPEAT-Will immigration reform get killed in Republican-led U.S. House?
- Planetary alignment peaks with celestial show this weekend
- Two believed dead as heavy rains flood San Antonio streets |
- Two freight trains collide in Missouri, bringing down overpass
Fitch cuts Argentina's credit rating to near default status
NEW YORK |
NEW YORK Nov 27 (Reuters) - Fitch Ratings on Tuesday downgraded Argentina's sovereign credit rating to CC from B, a five-step cut reflecting its view of a "probable" default after a U.S. judge ordered payment to holdout investors from its historic 2002 default.
"The increased probability that Argentina will not service its restructured debt securities issued under New York law on a timely basis" stems from U.S. District Court Judge Thomas Griesa's order for Argentina to pay holdout investors concurrent to bondholders who participated in two prior debt restructurings.
- Tweet this
- Share this
- Digg this