Da un articolo del Financial Times, “Bondholders warn Argentina not to make debt ‘uninvestable’”
“Some of Argentina’s biggest bondholders say they are ready to negotiate with the incoming government led by Alberto Fernández over roughly $50bn they are owed in sovereign debt, but warn that too harsh a restructuring would make the country uninvestable.”
The group is pushing for a deal in which bondholders give the government more time to pay back its debts without so-called haircuts, or losses on the face value of the bonds — an approach previously endorsed by Mr Fernández. Investors see this as a good starting point, but warn there is a limit to what they will endure.
“If they attempt a major haircut or a deep restructuring on the debt like they did back in 2005, they are risking Argentina becoming really uninvestable,” said Carl Ross, a partner at fund manager GMO. “There may come a point where a lot of international bondholders may say there is no price at which they can own Argentina.”