Argentina's Default Strategy Raises Debt Acceleration Risk

Now watching

Next video starts in : 7 Play

Argentina's Default Strategy Raises Debt Acceleration Risk

Argentina's Default Strategy Raises Debt Acceleration Risk
Replay video
Up next

AirAsia Plane Carrying 162 Lost; 3rd Malaysia Airline Shock

Unlock your personal NFL Now stream by signing in to NFL.com

Argentina's Default Strategy Raises Debt Acceleration Risk

by Wochit 0:41 mins

Argentina's Default Strategy Raises Debt Acceleration Risk

by Wochit 0:41 mins

Argentina's plan to restructure its external debt to skirt a U.S. ruling that prevented it paying its creditors boosts the risk of investors demanding the accelerated payment of their bond holdings. Its second default in little over a decade opened Latin America's No. 3 economy to the possibility of creditors declaring the principal value of their bonds and interest due immediately - a process known as acceleration. An acceleration could leave Argentina facing claims of up to $30 billion, more than the government holds in foreign reserves.

Wochit

Must Watch

  1. 2:56

    Community Season Six Trailer Premiere

  2. 3:09

    Meghan Trainor - Tune in 3/4 for Meghan Trainor live in concert!

  3. 1:49

    Wu-Tang album to drop in 88 years?!

  4. 2:47

    The Color of The Dress According to Science

  5. 5:11

    Big Sean - Big Sean Recruits Kanye, Drake for 'Blessings'

  6. 1:56

    Apartment Owl Stars in Vine Account

Community

  1. 2:56

    Community Season Six Trailer Premiere

  2. 3:05

    Community 501 - Season 5: Super Seniors

  3. 2:30

    Community 401 - Season 4: Senior Year

  4. 3:05

    Community 301 - Season 3: Junior Year

  5. 2:56

    Community 201 - Season 2: Sophomore Year

  6. 3:02

    Community 101 - Season 1: Freshman Year