Credit ratings agency Standard & Poor's cut the country's alreadygloomy CCC minus credit rating to "selective default", meaning that the country is honouring some of its financial obligations and not others.
The country has run into a deadline for a bond payment - but a US legal decision means that it must first pay two hold-out funds which have not accepted
The talks yesterday were the first face-to-face negotiations with
Kicillof insisted that only the funds could ask for a delay in the payments to allow further discussions, but indicated little to no room for negotiation on the government's part.
The court decision in June meant that the country could not appeal against its creditors, leaving the already-embattled government with a
"The foreign currency sovereign credit ratings will remain at selective default until
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