# Argentina wants more time to pay its debts, worrying investors | Business and Economy | Al Jazeera

> Argentina asked creditors for more time to repay its roughly $100bn in debt, a move that sent investor fears of default higher. Argentine spreads over US Treasuries jumped 184 basis points to 2,256 after the announcement.

- Date: 2019-08-29 · published 2019-08-29T12:00:00.000Z
- Category: macro · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/57872-argentina-wants-more-time-to-pay-its-debts-worrying-investors-business-and
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Sovereign debt stress deepens peso weakness and import financing strain, which can push Argentine farmers to accelerate soy and meal sales and affects the Argentine export balance that competes with US meal.

## Read by commodity

- USDARS: bearish ▼

## Sources

- aljazeera.com: https://www.aljazeera.com/economy/2019/8/29/argentina-wants-more-time-to-pay-its-debts-worrying-investors

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