# Fitch says default on Argentine bonds in foreign currency likely — MercoPress

> Fitch rated Argentina CC and said a restructuring or default on foreign-currency bonds is likely. The agency questioned the scope of the government's plan to limit peso supply and noted foreign-currency bond payments will rise to US$9 billion in 2025. Net reserves are believed to be about US$6 billion negative.

- Date: 2024-07-25 · published 2024-07-25T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/29585-fitch-says-default-on-argentine-bonds-in-foreign-currency-likely-mercopress
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Sovereign default risk and reserve stress can drive peso volatility and disrupt Argentine export financing, which feeds into soymeal and corn export flows. The direct effect on feed prices is limited.

## Read by commodity

- USDARS: bearish ▼

## Sources

- en.mercopress.com: https://en.mercopress.com/2024/07/25/fitch-says-default-on-argentine-bonds-in-foreign-currency-likely

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.