# Argentine bondholders say country in credit 'wasteland' amid economic crises | Financial Post

> Argentine bondholder groups criticized the government's economic policies, saying they have undermined investor confidence since the country exited sovereign default in September after a $65 billion restructuring. Bond prices have fallen sharply since the exchange. The economy is forecast to contract nearly 12% this year, with a foreign exchange crisis and dwindling reserves.

- Date: 2020-10-22 · published 2020-10-22T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/50916-argentine-bondholders-say-country-in-credit-wasteland-amid-economic-crises
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Weak access to credit and a deepening currency crisis raise the risk of sharper peso moves and economic stress, which can affect Argentine agricultural sales and export flows.

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/argentine-bondholders-say-country-in-credit-wasteland-amid-economic-crises

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