Debt deal struck but ‘heated’ discussions await Argentine president in congress

Alfonso Prat-Gay, Argentina’s finance minister

The creditors may have said yes, but Argentine president Mauricio Macri still faces an “uphill battle” to get the debt settlements on its 2001 default agreed in congress, a task analysts say is achievable but not easy.

After 15 years of going back and forth, Argentina has finally managed to settle the last of its debt negotiations with remaining creditors – agreeing to pay $4.6 billion to NML Capital, Aurelius Capital Partners, Davidson Kempner Capital Management and Bracebridge Capital.


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