Latin America Risk Report - 21 April 2020
Comments on Argentina's debt negotiations and Mexico's economic situation
Argentina - Default early; default often
Argentina is not paying its debt this year and everyone knows it. That leaves three plausible scenarios:
Argentina defaults hard.
Argentina renegotiates its payments with bondholders.
Argentina invokes force majeure to delay payments so it can negotiate or default in a few months.
Politically, President Fernandez ente…