News of Mirta Fernandez

Mirta Fernandez

Deeper, harder, slower: Analysts forecast worst crisis since 2001

18-07-2020 09:37 Argentina’s GDP likely to slump by as much as 15 percent this year, experts warn, with economic activity only returning to pre-quarantine levels in December – if there is no increase in coronavirus cases.

by Mirta Fernandez

OIL PRICES

Petrol prices to stay up to preserve Vaca Muerta, says CECHA president

25-04-2020 12:02 CECHA President Gabriel Bornoroni says he doesn’t believe petrol prices will fall, despite international slump.

by Mirta Fernandez

The Minister of Economy, Martín Guzmán, accompanied by the head of the IMF, Kirstalina Giorgeva, speaks during the Seminar "New Forms of Solidarity", in the Vatican on February 5, 2020.

DEBT NEGOTIATIONS

20%? 35%? Analysts ponder what's an acceptable haircut for bondholders

27-02-2020 07:00 The IMF's support for the government last week won't convince bondholders to accept a larger haircut of Argentina's debt than initially foreseen, according to analysts.

by Mirta Fernandez

The Minister of Economy, Martin Guzmán, during a presentation to Congress on February 2020.

BOND PAYMENT DELAY

Further 're-profiling' of maturities in pesos looms, analysts predict

18-02-2020 12:00 Next key date for government be March 6, with A2M2 payments worth about US$1 billion due that day. Government may have to resort to the issue as Martin Guzmán’s credibility is being tested by the markets.

by Mirta Fernandez, Perfil

BUENOS AIRES PROVINCE

Plan B for Kicillof: a bridging loan to avoid default

01-02-2020 08:21 Proposal comes from investment funds, though provincial government still wants to have 75 percent of creditors on board for repayment. Alert as to the risk of new “vulture funds.”

by Mirta Fernandez

AS ELECTIONS LOOM

Investors bulk up dollar portfolios as Argentina's country risk spikes

18-12-2018 07:23 Analysts attribute the increased country risk to "a more complicated global context" which is increasing risk aversion and prompting investors to turn their backs on emerging markets. This phenomenon "always hits" Argentina, they say.

by Mirta Fernandez