June 17, 2020 / 8:41 PM / 22 days ago

S&P lowers rating on Buenos Aires province's 2027 global bond

June 17 (Reuters) - Ratings agency S&P Global Ratings on Wednesday cut its rating on Buenos Aires’ global bond due in 2027 to “D” from “CC”, after Argentina’s largest province missed $68.9 million interest payment.

S&P said it did not expect the payments even in the upcoming 30-day grace period. (Reporting by Ashwini Raj in Bengaluru; Editing by Shinjini Ganguli)

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