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Argentina had conducted a local debt exchange last week offering the same dual bonds as in August 2022 to lessen peso-dominated maturities over the remainder of the year, S&P said.
“Notwithstanding additional external official financing, reflecting progress under its EFF, macroeconomic instability and a polarized political landscape are exacerbating vulnerabilities for local debt placements,” the agency added.
The agency’s outlook on Argentina remained unchanged at negative.
