Agency cuts foreign currency rating to “C” from “CCC-” following debt withdrawal announcement

Finance representatives who met with the minister voiced support for the measure

The economy ministry’s measures come after the blue-chip swap rate broke records

The IMF board is expected to approve a U$S 5.3 billion disbursement next week

Faced with a historic drought and a dire international financial landscape, consulting firms expect more capital controls.

Government fears “flight of more pesos to the dollar”: sources

Industrialists desperate for currency look to China and Brazil as drought hammers reserve outlook

“This is a debt program that deactivates the idea of a bomb,” said Economy Minister Sergio Massa

Officials will meet with banks, insurance companies and mutual investment funds looking to clear March, April, May and June payment deadlines for more than AR$7.5 billion