Argentina Sovereign Debt Risk Hits 830 Points Amid 2027 Payment Needs
Argentine sovereign debt risk touched 840 points on November 13 before closing at 830 points, according to El Cronista, highlighting deep financial pressures as the administration seeks foreign credit.
The indicator compiled by JPMorgan had climbed to 939 points earlier in the month, marking a peak in more than a year, Todo Noticias reported. Global bonds averaged a 3% recovery over the week, which pulled the index down from its recent highs, infobae noted.
State obligations in foreign currency will demand 32.300 billion dollars in 2027, according to International Monetary Fund figures cited by El Cronista. That total includes 23.300 billion in principal and 9.000 billion in interest payments.
Gross international reserves stood at 49.594 billion dollars as of November 13, though that balance includes financial liabilities and bank deposit reserves that restrict freely available funds, El Cronista stated. Treasury dollar deposits dropped below 200 million dollars after international credit payments, according to Todo Noticias.
The market consensus trimmed its 2026 growth forecast to 0.7%, down from early expectations of 3.5%, infobae indicated.
Fernando Marull, socio de FMyA, observed that the activos argentinos a lo largo de la semana estuvieron rebotando. “Los inversores esperan que los datos de actividad serán algo mejores,” he said, as La Nación reported.
Within the obligations of the Treasury, 11.900 million dollars correspond to bondholders, 7.800 million to the IMF, and 4.300 million to other international organizations.
“Luego de la recuperación de las últimas ruedas, los bonos en dólares intercalan un respiro,” Gustavo Ber, economista de Estudio Ber, said.
The official dollar advanced 0.5% during the week, while the gap between the financial exchange rate and the official rate widened to 8.2%. The Treasury has not successfully placed a dollar-denominated bond since August and still needs to cover roughly 800 million of this year’s target, after original programs projected emissions of 6.000 billion in 2026 and 5.000 billion in 2027.
The average market price was $1,571.82, according to the Central Bank. The contado con liquidación (CCL) dropped $12.98 to operate at $1,664.95 (-0.8%), and the MEP dollar appeared on screens at $1,576.92, up $3.77 (+0.2%). What occurs in coming weeks will depend largely on how the economic team responds to an increasingly demanding financial and real environment, according to Federico Pablo Vacalebre, a professor at Universidad del CEMA.