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Fitch Releases Update on Argentina Corporate Debt Issuers.


Business Editors

Fitch Ratings Fitch Ratings

An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris.
 has released a report providing an update on the status of 15 Argentine Argentine

having some relationship with the country Argentina.


Argentine tick
margaropuswinthemi.

Argentine tortoise
geochelonechilensis.
 corporates. The report provides a brief company by company update on recent and prospective debt service, current ratings and expected developments.

In general, the near-term situation still remains bleak The bleak is a small pelagic fish of the Cyprinid family. Description
The body of the bleak is elongated and flat. The head is pointed and the relatively small mouth is turned upwards. The anal fin is long and has 18 to 23 fin rays. The lateral line is complete.
 for the country's corporate debt issuers. Recently amended legislation appears to have opened the door for discussions to begin dealing with the sovereign debt issues. Nonetheless, many Argentine companies This article intends to list the most important companies of Argentina. Food
  • Arcor (candy, food)
  • Bunge y Born (cereals, vegetal oil)
  • Cerveza Quilmes (beer)
  • Circo (supermarket)
Aeronautics
  • Aero Boero
 have already defaulted or are facing imminent default as the currency continues to slide and payments come due. Most of the corporates rated by Fitch fitch: see polecat.  that have not yet defaulted are now rated in the 'C'-'CCC' range, with a few notable exceptions. All ratings remain on Rating Watch Negative.

A full copy of the report, 'Argentina Corporates Update: Defaults Continue; Hindered by Lack of Progress,' is available within FitchResearch, Fitch's subscription-based web site located at 'www.fitchrating.com' or by contacting Products & Services at 1-212-908-0800.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jul 2, 2002
Words:160
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