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Fitch: Buenos Aires Bond Sales Lower Refi Risk, FX Risk Remains

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NEW YORK & MONTERREY, Mexico--(BUSINESS WIRE)--Despite a lack of resolution to the sovereign default and its implications for the rest of the country's debt, the presidential election in this year and foreign exchange (FX) risks, local Argentinian governments' successes in selling their debt on the international markets suggest that they will be able to refinance and issue more debt in the near term, Fitch Ratings says. In February, the City of Buenos Aires (CBA; rated 'CCC' by Fitch Ratings) i

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