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Fitch Downgrades Argentina's FC IDR to 'RD'
Fitch Ratings downgrades Argentina's ratings as follows: -- Foreign Currency Issuer Default Rating (IDR) to 'RD' from 'CC'; -- Short-Term Foreign Currency Issuer Default Rating to 'RD' from 'C' -- Local Currency IDR to 'CCC' from 'B-'; -- Discount Bonds issued under Foreign Law to 'D' from 'CC'; -- Performing Foreign Law Exchanged Securities (Pars and Global 17) to 'C' from 'CC'; -- Foreign Currency exchanged bonds under Argentine Law to 'C' from 'B-'; -- GDP linked securities to 'CC' from 'B-'; -- Local Currency exchanged bonds under Argentine Law to 'CCC' from 'B-'; -- Foreign and Local Currency non-exchanged ... (full story)