Lorenzino confirms debt payment, blasts Moody's

Economy Minister Hernán Lorenzino ratified tomorrow’s down payment of the “Bonar X” dollar-bond for US$200 millions, and blasted credit rating agencies which along with speculators “set terrorist reports in order to make some profit out of it.”

On his Twitter account, the minister wrote this morning: “Tomorrow we [national government] will be paying the Bonar X dollar-bond for U$200 millions. Thus, we keep paying our debts.”

Likewise, the minister attacked international credit rating agency Moody’s that yesterday issued a negative outlook on the issue of bonds in Argentina after Chaco province paid dollar debts in pesos last week.

“We’d like to deny the statements issued by the credit rating agency since no regulations have been changed in the Argentine bonds market.”

Furthermore, Lorenzino remarked that “Once again, a speculative attack mounted by a credit rating agency and some media groups is directed to us when we are about to meet some debt payments."

To end Lorenzino indicated that rating agencies walk along international speculators by setting terrorist reports intended to frighten investors.

“Credit rating agencies = Speculators. They want to lower the bond price a day before the payment so they can make some profit out of it. An old pirate trick”, the minister also wrote in Twitter.