Fitch downgrades Argentina after payments freeze, bonds tick upwards
(WorldNews Argentina)

BUENOS AIRES — Ratings agency Fitch downgraded Argentina on Monday after its bond prices popped higher and country risk spreads tightened as the government announced a plan to temporarily suspend payments on debt denominated in dollars but subject to Argentine law. The move by the government to ease what it has called an unsustainable financial burden was met favorably by markets. Over-the-counter government bonds...