A no deal of Argentina with IMF this year, not so bad after all according to Morgan Stanley Full article After Argentina defaulted on its sovereign debt for the ninth time, investors expects the government to make progress with IMF over a US$ 44 billion in debt
International Investment Bank Morgan Stanley has shifted its long-held view on Argentina sovereign credit to “like,” as risks were flexed upside after a lot of bad news had been priced into bonds, including, increasingly, a delay to an IMF program and a further complication with the Club of Paris payment.
After Argentina last year defaulted on its sovereign debt for the ninth time, investors have been waiting for the government to make progress with the International Monetary Fund over a deal to restructure around US$ 44 billion in debt.