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Prospect News home > News index > List of issuers B > Headlines for Buenos Aires Province > News item
Published on 9/17/2020 in the Prospect News Distressed Debt Daily and Prospect News Emerging Markets Daily.

S&P cuts Buenos Aires Province bond

S&P said it downgraded the rating for the Buenos Aires Province’s 9 1/8% global bond due 2024 to D from CC.

The province missed a Wednesday payment for $57 million in interest. The bond is one of the 11 bonds included in the restructuring proposal the province presented April 24.

Buenos Aires extended the deadline for its credit holders to accept the proposed terms and conditions of its debt restructuring to Oct. 9.


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