James Grainger

2 days ago | batimes.com.ar | Kevin Simauchi |James Grainger

Argentina’s credit score was raised by Fitch Ratings, citing the country’s move to dismantle currency controls and its success in securing multilateral funding. The ratings company upgraded the South American nation one notch to CCC+, seven levels into junk territory and on par with Ecuador and Sri Lanka, according to a statement on Monday. Fitch doesn’t assign outlooks to sovereigns with a grade of CCC+ or below.

3 days ago | batimes.com.ar | Ignacio Olivera Doll |James Grainger

Argentina’s Central Bank intervened to stop a dollar bond sale by Banco Supervielle halfway through the trading day on Friday, according to two people with knowledge of the matter, a move that could avert pressure on the peso in the parallel exchange market. Supervielle had already received demand from clients for the deal, which sought to raise US$100 million in total through two six-month bonds.

5 days ago | batimes.com.ar | Kevin Simauchi |Ignacio Olivera Doll |James Grainger

Two subsidiaries of Argentina’s utility Grupo Albanesi have reached out to creditors after missing a payment on dollar bonds it issued just six months ago. Generación Mediterranea SA and Central Térmica Roca SA are approaching bondholders to resolve a dispute over US$19 million in interest that came due on May 5, the companies said in a regulatory filing on Tuesday.

5 days ago | batimes.com.ar | Kevin Simauchi |James Grainger

JPMorgan Chase & Co. is expanding its footprint in Argentina with new office space, marking one of largest corporate rental properties over the past two decades in the nation’s capital. The Wall Street giant signed a long-term lease to rent 20 floors on a two-building campus in Buenos Aires’ Núñez neighbourhood that’s under construction and is expected to be delivered in 2026 and 2027.

5 days ago | batimes.com.ar | James Grainger

Leo XIV urged the Catholic Church to work urgently to restore the faith of millions in his first homily as pope Friday, a day after the little-known cardinal become the first head of the 2,000-year institution from the United States. Chicago-born Robert Francis Prevost became the 267th pope, spiritual leader of the world's 1.4 billion Catholics and successor to Argentina's Pope Francis on Thursday, after a secret vote by fellow cardinals in the Vatican's Sistine Chapel.