Tag

Sovereign Bonds

All articles tagged with #sovereign bonds

world6 months ago•3 min saved

US Judge Orders Argentina to Sell 51% Stake in YPF

Argentina was ordered by a US court to relinquish control of its majority stake in YPF within two weeks to satisfy a $16 billion judgment, a move that challenges President Milei's government and impacts the country's economy and bond prices. The ruling stems from a long-standing dispute over the 2012 nationalization of YPF, with Argentina planning to appeal. The case highlights ongoing legal and economic tensions involving Argentina's sovereignty and foreign investment.

via Bloomberg.com|

#argentina #burford-capital #legal-case

finance2 years ago•3 min saved

"Utilizing Seized Russian Assets to Rebuild Ukraine: Expert Insights"

Moody's and S&P Global stated that countries whose sovereign bonds were purchased by Russia would not be considered in default if Western governments decide to confiscate frozen Russian reserves worth $300 billion. The rating agencies' interpretation may allay concerns around default risk, as they do not typically reflect holder-specific considerations and believe that interest payments would continue to be disbursed to other creditors. Russian authorities are privately leaning towards the view that the reserves are all but lost, but are determined to mount a legal challenge and retaliate strongly, while also threatening retaliation such as confiscating Western assets trapped in Russia and breaking off diplomatic relations with foreign powers deemed unfriendly.

via Reuters|

#asset-confiscation #credit-rating-agencies #default-risk

business2 years ago•1 min saved

Moody's Urges Remote Work as China's Economic Outlook Dims

Moody's Investors Service advised its staff in China to work from home ahead of its announcement cutting the outlook for sovereign bonds to negative in China. The move was likely motivated by fear of government inspections following the rating company's outlook cut. Moody's also told analysts in Hong Kong to temporarily avoid travel to the mainland. China sought to contain any hit to investor sentiment after the announcement by raising support for the yuan and denouncing Moody's understanding of China's economy. The announcement has put a spotlight on China's debt issues and foreign companies have complained about sporadic crackdowns that hurt business sentiment.

via IndiaTimes|

#business #china #credit-outlook