Puerto Rico Can Manage Debt, Hedge-Fund Backed Study Finds

A report released by a group of hedge funds that own $5.2 billion of Puerto Rico bonds said the island’s central government can pay what it owes, showing the resistance the commonwealth faces as it seeks to restructure its $72 billion of debt.

Argentina default spreads to Par bonds, risking payment demands

(Reuters) - Argentina's debt default spread to its Par bonds on Friday after the country failed to complete an interest payment, raising the risk that creditors could demand that the country's cash-strapped government immediately repay all of its debt.

Judge allows Citigroup to process Argentine bond payment

(Reuters) - A U.S. judge said Friday he would allow Citigroup Inc (C.N) to process a disputed $5 million payment by Argentina on bonds issued under its local laws following its 2002 default.

Slide in Argentina's growth points to weakening economy

BUENOS AIRES, Dec 20 (Reuters) - Argentina's growth slipped in the third quarter from the previous quarter, while a slew of other economic data on Friday were also weak, indicating that Latin America's third-largest economy may be slowing.

Brazil Posts Widest Federal Primary Budget Gap in Almost 5 Years

Brazil’s federal government posted the widest primary budget deficit in almost five years, a performance that Banco J. Safra says increases the probability the nations credit rating will be downgraded.