|
With U.S. Dollar denominated debt, IRSA will have troubles paying it off if there is a large devaluation of the Argentine Peso against the Dollar, right? I know these headlines over the weekend aren't good news, but what is the extent of the damage will it have if Argentina defaults on its debt and the Peso becomes worthess? With IRSA having U.S.$ denominated debt, could this bankrupt IRSA?
Article: "Investors have been concerned recently about a potential large devaluation of the Argentine peso as well as further nationalizations by the government. Late last year, the pension funds were nationalized, dealing a blow to investor confidence."-- http://money.cnhttp//money.cnn.com/news/... http://www.bloomberg.com/apps/news?pid=2... S&P Says ‘Time Is Running Out’ for Argentina as Economy Slows http://online.wsj.com/article/BT-CO-2009... http://online.wsj.com/article/BT-CO-2009... Sentiment : Hold Rating :
 (2 Ratings) |
43/Male |
|
Page
1
of about
1
First
| < Prev
| Next >
| Last
|
|
Page
1
of about
1
First
| < Prev
| Next >
| Last
|
0.10