Bloomberg News

ARGENTINA DAYBOOK: Moody’s Holds Seminar in Buenos Aires

October 05, 2011

Oct. 6 (Bloomberg) -- Moody’s Investors Services holds a seminar today in Buenos Aires to discuss Argentina’s economic and rating outlook.

South America’s second-biggest economy is rated B3 by Moody’s, six levels below investment grade.

WHAT TO WATCH:

* Moody’s analyst Gabriel Torres will have a press conference on Argentina’s economy.

ECONOMY/COMMODITIES:

* The Buenos Aires Cereals Exchange releases its weekly crop report in the afternoon.

EQUITIES:

* The Merval Index rose 1 percent to 2,309.43 yesterday.

MARKETS:

* The peso fell 0.1 percent to 4.2075 per dollar. The currency has declined 5.4 percent against the dollar this year.

--Editor: Robin Saponar

-0- Oct/06/2011 03:00 GMT

To contact the reporter on this story: Eliana Raszewski in Buenos Aires at eraszewski@bloomberg.net

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net


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