BlackRock Inc. is proposing that a key group of Argentina’s creditors accept greater losses in a restructuring ahead of a potential default on the country’s sovereign debt later this week. The asset manager—one of the largest holders of Argentine sovereign bonds and a member of the creditors’ group—has suggested the group agree to larger losses in order to reach a deal with the government, a person familiar with the matter said.

Source: Wall Street Journal May 20, 2020 18:22 UTC