July 6, 2020 / 1:32 PM / a month ago

Argentina country risk index falls after improved debt revamp offer

BUENOS AIRES, July 6 (Reuters) - Argentina’s country risk index fell 72 points to 2,437 on Monday after the government unveiled an improved restructuring offer to creditors and received early positive responses as it looks to reach a deal by an Aug. 4 deadline.

The country risk index has tracked tense negotiations over recent months to revamp $65 billion in foreign debt as Argentina looks to avoid a messy legal standoff with creditors after defaulting for the ninth time in May. (Reporting by Walter Bianchi; Writing by Adam Jourdan)

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