# DBRS Morningstar Confirms Argentina at SD | Morningstar DBRS Research

> DBRS Morningstar confirmed Argentina's foreign-currency issuer ratings at SD (selective default) and local-currency ratings at CC, with a stable trend on local ratings. The agency said restructuring talks over $66 billion of foreign-law bonds are nearing agreement, with a new exchange offer deadline of August 4.

- Date: 2020-07-13 · published 2020-07-13T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/52396-dbrs-morningstar-confirms-argentina-at-sd-morningstar-dbrs-research
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Argentina's continued default and capital controls weigh on the peso and reduce foreign credit access, which can affect the peso's value against the dollar and Argentine import and export financing. For feed buyers, the direct grain price impact is limited, though currency weakness can shift Argentine soymeal and corn export pricing.

## Read by commodity

- USDARS: bullish ▲

## Sources

- dbrs.morningstar.com: https://dbrs.morningstar.com/research/363981/dbrs-morningstar-confirms-argentina-at-sd

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