Ecuador and Argentina seem to be in a competition to see which of the two countries lowers the so-called “country risk” first and in the shortest time. Well, in less than four months, Ecuador drastically reduced its country risk by more than 1,000 points. But Argentina is not far behind.
Well, both Argentina and Ecuador had the most damaged sovereign bonds in the region, but internal investors left large internal returns that foreign investors welcome in order to invest. Well, Ecuador eliminated the country risk in record time by 45.5% and Argentina by 36.3%. Argentina went from 1907 country risk points to 1215 points.
According to JP Morgan & Chase Co., the Latin American region plummeted its country risk by an average of 5%, only Ecuador and Argentina surpassed that barrier, so shareholders and international markets even see not only that both countries are facing their crisis but also that They are already beginning to “mitigate” it.
Can Argentina and Ecuador improve country risk even further?
Seeing the average, according to the medium Bloomberg Although investors still consider it “risky” to invest in both Ecuador and Argentina, they are witnessing that there is still a wide margin to reduce country risk and that makes it attractive to invest while other countries in the region have remained stagnant. in that matter and the investment could be greater in both countries of the Southern cone.
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