U.S. Top Court Rejects Argentina Appeal In Bond Fight
The U.S. Supreme Court on Monday declined to hear Argentina’s appeal over its bid to avoid paying $1.33 billion to hedge fund creditors or risk a potential default. Without comment, the high court left intact lower court rulings that ordered Argentina to pay. The government had previously warned it could default on its sovereign debt if required to pay in full. Argentina said in its most recent court filing that the government would struggle to pay the bondholders in full while also serving its restructured debt.
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