in Europe, they are getting rid of Argentine bonds because of the crisis

Argentina does not stop suffering the consequences forr fell into the selective defect and the situation of national bonds is deteriorating. Securities liquidation climbed after the country had to postpone the payment of its debt due to a lack of solvency in the coffers of the Central Bank.

According to a report from a news agency Reuters, "Argentina's battered bonds continued to fall on European operations on Friday after a drop in the sovereign rating of Standard & Poor's activated the automatic selling mechanisms of some of the gigantic German pension funds. "

READ MORE

Country risk rises above 2,400 points

For many large German financial institutions, the brief reduction in the CCC rating implied that the Argentinean debt is too risky to be held in the portfolio under the regulation of the European country. Argentine bonds denominated in euros and maturing in 2033 have almost collapsed by nearly five cents, while those of 2027 have fallen by nearly two hundred.

"A CCC rating is actually more important than a default rating," he said. Edwin Gutierrez, responsible for sovereign debt for emerging markets at Aberdeen Standard, Reuters. "German pension funds can not keep (debt with note) CCC, it's the main trigger of sales," he added.