Category: Argentina

Nearly all sources of conventional financing for Argentine companies have dried up. Several local financiers have come up with some new ideas for finding financing fresh management and talent for local companies.

Argentina has cast a long shadow over the region, but a select group of issuers can still raise capital in any form, as long as they get the price, structure and timing right.

Argentina is sunk in a national depression. The country needs bold action to deal with its problems. But the government of Presidente Fernando de la Rúa is losing control.

Argentina may be falling to pieces, but the country’s best companies have learned from the decades of experience that with robust balance sheets, international expansion and steady cashflows, they can do more than just survive. Unfortunately, they are a minority.

Fund manager Mohamed A. El-Erian contemplates the future of emerging market assets in the aftermath of Argentina’s crisis. Despite the gloomy outlook for the region, tighter fiscal policies, more transparent and market-compatible rules, improvements in debt management and greater international reserves now cushion most Latin American economies.

Harvard’s Jeffrey Sachs argues that Argentina’s brush with economic collapse should force everyone involved with Latin America to reconsider the merits of free market orthodoxy.

Has Argentina’s massive debt exchange enabled it to avoid a debt payments crisis? Or will its escalating interest rates wreck the sovereign’s ability to remain solvent?

Latin debt issuers and their bankers are looking for a definitive resolution to Argentina’s financial straits. but they are still continuing to put bonds into the market at a healthy pace.