Moody’s warns of growing private default risk by official regulation

Moody’s estimates that communication A 7106, which restricts the access of indebted companies to the official dollar market to cancel their obligations, will harm the capacity of local companies to pay in time and form. For the financial firm, the capital maturities of negotiable obligations (corporate bonds) between October 15, 2020, and March 31, 2021 (the period in which, in principle, this limitation applies) total $12.53 million.

Source: La Nación