Home / World Business
Mon, Oct 15, 2001 - Page 21 News List

Argentine voters prepare to attack mismanagement

DOWNGRADE Moody's has reduced Argentina's debt rating to Caa3 from Caa1, which means that it would be safer to keep your money in Pakistan

By David DeRosa  /  BLOOMBERG , NEW CANAAN, CONNECTICUT

The most likely answer is that Argentina will go broke -- default on or restructure its debt. And it will have been a long time coming.

David DeRosa is president of DeRosa Research & Trading and is also an adjunct finance professor at Yale School of Management. The views expressed are his own.

This story has been viewed 2269 times.
TOP top