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Argentine Debt Safer Than Greece as Expansion Quickens: Argentina Credit
Bloomberg
August 17, 2010

By Boris Korby

The credit-markets are showing that Argentina's debt is less risky than Greece for the first time in seven weeks as the South American nation's economy grows at the fastest pace since 1992.
The cost of protecting Argentine debt against non-payment for five years with credit-default swaps fell 15 basis points, or 0.15 percentage point, to 817 this week, 27 less than similar contracts for Greece, according to CMA DataVision. Greek swaps rose 24 basis points in the same period.

For full text of the article, visit: http://www.bloomberg.com/news/2010-08-18/argentine-debt-safer-than-greece-as-expansion-quickens-argentina-credit.html

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