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Olduvai III: Catacylsm
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Argentina Is Officially In Default Again: S&P Downgrades Credit Rating To SD

Argentina Is Officially In Default Again: S&P Downgrades Credit Rating To SD The IMF just broke its own record of incompetence: less than a year after its record, $57 billion bailout of Argentina was finalized, S&P just downgraded the country from B- to Selective Default – the equivalent to a default rating – following the […]

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S&P Downgrades Venezuela To “Selective Default” After Bondholder Meeting Devolves Into Total Chaos

S&P Downgrades Venezuela To “Selective Default” After Bondholder Meeting Devolves Into Total Chaos Creditors had little expectations from today’s ad hoc meeting with “soon-to-default” Venezuela, and with good reason: not only was the meeting attended by several sanctioned Venezuelan officials, potentially jeopardizing the legal status of any bondholders who voluntarily appeared at the Caracas meeting […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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