Page 5 - Restricted Default News Today

Government must use part of the proceeds from the International Monetary Fund (IMF) to settle maturing coupons on domestic bonds and other domestic loans

Alec Phillips, a research chief political economist at Goldman Sachs, expects the United States to have time until June 8 before the country runs out of money to service its payments.

Money markets would be the first to react to a debt ceiling breach, heightening market turmoil and helping to raise the odds of a severe recession.

The United States is inching closer to the deadline for action on raising the debt ceiling. Here is what will happen as that date approaches — or even lapses.

PRO claims the swap risks pension funds and constitutes fresh debt

Fitch Ratings downgraded Argentina's foreign currency debt on Friday by two notches to leave it hovering one level above default. The debt downgrade from CCC- to C suggests that the rating agency believes a default is "imminent," and comes shortly after an Argentinian government decree forcing domestic public sector entities to swap their foreign currency-denominated

WASHINGTON, March 25, 2023 (BSS/AFP) - Fitch Ratings downgraded Argentina's foreign currency debt on Friday by two notches to leave

New Age, a Dhaka-based leading English language daily newspaper, is a major source of news of Bangladesh and international affairs

Fitch Ratings downgraded Argentina's foreign currency debt on Friday by two notches to leave it hovering one level above default.

By Stephen Nakrosis Fitch Ratings on Friday said it has downgraded Argentina's Long-Term Foreign Currency Issuer Default Rating to C from CCC-, following executive action which "forces domestic public-sector entities into operations involving thei... | Mar. 24