These 16 Argentina Corporations Are On The Cusp Of Default [Forbes]
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These 16 Argentina Corporations Are On The Cusp Of Default Unless you saw this coming, 16 Argentina corporates are about to see their bond values sink before the market closes today. Fitch ratings downgraded a host of Argentina companies on Wednesday, most of them dependent on government hand-outs. Here's the list: Rio , UGEN, UENSA (MSU ) The downgrades follow Fitch's recent downgrade of Argentina's sovereign rating to CCC — which means a high default probability. is one of the better known names on the list. Fitch lower its credit rating from B to CCC today, suggesting their long-term debt load of around $7 billion is at risk of default over the next 12 months. AES Argentina is also now in CCC territory. The company is a subsidiary of U.S. power group AES Corp. They run around 10 power plants in Argentina. The entire power sector in Argentina is heavily reliant on government subsidies for survival. And Argentina is running out of money. Its central bank has around
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AES
News
- AES Announces Quarterly DividendPR Newswire
- AES Announces More Than 1 GW of Coal Retirements in ChilePR Newswire
- AES Announces Second Quarter 2021 Financial Review Conference Call to be Held on Thursday, August 5, 2021 at 9:00 a.m. EDTPR Newswire
- Uplight and AES to Transform Customers’ Energy Experience While Achieving Greater Efficiency and Cost SavingsBusiness Wire
- The AES Co. (<a href="https://www.marketbeat.com/stocks/NYSE/AES/price-target/">NYSE: AES</a>) is now covered by analysts at Susquehanna Bancshares, Inc.. They set a "positive" rating and a $32.00 price target on the stock.MarketBeat
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AES
SEC Filings
- 7/19/21 - Form 4
- 7/19/21 - Form 3
- 7/19/21 - Form 424B3
- AES's page on the SEC website
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