Buenos Aires mayor and opposition leader Mauricio Macri was re-elected yesterday after defeating in a runoff President Cristina Fernandez de Kirchner’s candidate three months before she seeks a second term.
Buenos Aires Mayor Mauricio Macri ’s decision not to run for president of Argentina boosts opposition chances of forcing a runoff in the October elections, according to political analyst Rosendo Fraga .
Whether Argentina’s next president is Daniel Scioli, Sergio Massa or Mauricio Macri, investors will return in droves after next year’s elections as the nation moves closer to returning to capital markets, said Claudio Porcel, head of asset management firm Balanz Capital Sociedad de Bolsa SA.
Triumph Group Inc., a maker of aircraft components, is marketing debt as positive economic data and stronger-than-estimated corporate earnings drive high-yield, high-risk bond spreads tighter relative to benchmark rates.
The city of Buenos Aires, which had been rated more solvent than the federal government since September, is being exposed by the peso’s devaluation because almost all its debt is denominated in dollars.