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Argentine Provinces' Credit Still at Risk
Standard & Poors, Oct 2001
Abstract
NEW YORK (Standard & Poor's) Oct. 17, 2001-- Argentina's provinces remain at risk despite the progress achieved by some provinces with implementing fiscal austerity measures, Standard & Poor's said in a new report released today. 'Argentina's relatively successful efforts to improve provincial fiscal austerity since 2000 will be undermined if the government forces fiscal adjustments through cuts in intergovernmental transfers, as such a move would put at risk both the established institutional framework and the very ability of the provinces to service their ongoing expenditures and debt service obligations,' said Sebastian Briozzo, author of the report and associate at Standard & Poor's in Buenos Aires. The prevailing opinion that there has been an adjustment in spending at the federal level...
Companies mentioned in this report are: Argentina (Republic of) (Unsolicited Ratings),Buenos Aires (Province of),Buenos Aires (City of)
Action: S&P Event
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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