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S&P slashes Argentina's long-term debt three notches on maturity extension plan

Written by Reuters | Source: Reuters | August 29, 2019 11:40 PM

BUENOS AIRES (Reuters) - Standard & Poors announced on Thursday that it was slashing Argentina’s long-term credit rating another three notches into the deepest area of junk debt, saying the government’s plan to “unilaterally” extend maturities had triggered a brief default.

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