U.S. Judge Loretta Preska ruled against Argentina this Friday in the YPF expropriation payout trial. The judge’s ruling also means that the highest P/E ratio proposed is the valid one. Preska sided with Burford and decided the interest rate should be 8%. The judge ruled that April 16 be taken as the reference date and that the interest rate is 8%, which means Argentina will have to pay close to US$16 billion. Argentina, on the other hand, requested May 7 be used as the reference date and a 0% interest rate.

Source: Bueno Aires Herald September 08, 2023 21:51 UTC