Reports

Date Report Type
17/02/2020

Argentina Fixed Income Market

Uncertainty surrounding the restructuring process would continue in the short term as Economy minister Martin Guzman did not disclose any details regarding a proposal for the debt restructuring in his address to the Congress. On the fiscal side, Guzman said that no further adjustments would be carried out, worsening the outlook for a potential proposal to bondholders.

Fixed Income Weekly
17/02/2020

Aluar 2Q19-20

Adequate performance despite domestic devaluation and low International price

Equity Report
11/02/2020

Argentina Equity Market

Companies with a high percentage of dollar denominated revenues, lower operating exposure to domestic market and low debt levels would act as a hedge in the current scenario. 

Equity Weekly Report
11/02/2020

International Macroeconomic Perspectives

Fed points to performing economy to back its wait and see approach, despite coronavirus outbreak

Macro Economy Weekly
11/02/2020

Argentina Macroeconomic Perspectives

Despite lower estimated inflation, real interest rates remain negative

Macro Economy Weekly
10/02/2020

Argentina Fixed Income Market

Uncertainty surrounding the restructuring process would continue in the short term. Axel Kicillof’s disclosure about Buenos Aires Province 2021 bond brought some relief about the government’s willingness about debt payments.

Fixed Income Weekly
04/02/2020

International Macroeconomic Perspectives

The Fed left rates unchanged although a slowdown in the first half due to the coronavirus spread could point to another rate cut

Macro Economy Weekly
04/02/2020

Argentina Macroeconomic Perspectives

The Central Bank cut again the floor of the monetary policy rate, hence, FX spreads widen as investors dollarized portfolios

Macro Economy Weekly
04/02/2020

Argentina Equity Market

Companies with a high percentage of dollar denominated revenues, lower operating exposure to domestic market and low debt levels would act as a hedge in the current scenario

Equity Weekly Report
03/02/2020

Argentina Fixed Income Market

The debate in Congress regarding the debt sustainability law project would take place this week, meaning a formal launch of sovereign debt restructuring negotiation, although no proposal has been disclosed yet. Uncertainty surrounding the restructuring process would continue in the short term, added to the extension of the Buenos Aires Province’s consent solicitation term up to February 5th. The Province improved the offer, including a 30% of the partial principal payment due on January 26th. On the fiscal side, expectations are based in the implementation of a comprehensive plan that makes restructuring sustainable in the long term and not just a short-term relief due to their CACs.

Fixed Income Weekly
28/01/2020

Argentina Equity Market

Companies with a high percentage of dollar denominated revenues, lower operating exposure to domestic market and low debt levels would act as a hedge in the current scenario.

Equity Weekly Report
28/01/2020

International Macroeconomic Perspectives

US: Fed is expected to leave rates unchanged amid solid economic figures

Macro Economy Weekly
28/01/2020

Argentina Macroeconomic Perspectives

Uncertainty regarding the debt restructuring offer drove country risk above 2140 points

Macro Economy Weekly
27/01/2020

Argentina Fixed Income Market

The debate in Congress regarding the debt sustainability law project would take place this week, meaning a formal launch of sovereign debt restructuring negotiation, although no proposal has been disclosed yet. Uncertainty surrounding the restructuring process would continue in the short term, added to the extension of the Buenos Aires Province’s consent solicitation term. On the fiscal side, expectations are based in the implementation of a comprehensive plan that makes restructuring sustainable in the long term and not just a short-term relief due to their CACs.

Fixed Income Weekly
21/01/2020

Argentina Equity Market

Companies with a high percentage of dollar denominated revenues, lower operating exposure to domestic market and low debt levels would act as a hedge in the current scenario. The first steps to reduce uncertainty regarding the sovereign debt restructuring were taken today, as Minister Martin Guzman disclosed that he would send the project to the Congress in the next few days.

Equity Weekly Report