Argentina, which is beginning negotiations to restructure its public debt, recorded another rise in country risk rating, with the figure reaching 3,200 points amid the collapse of bonds traded on Wall Street.
The stock market registered a 13.75 percent slide on Monday, and although it rebounded 8.07 percent the next day, it collapsed again on Wednesday 4.30 percent in the midst of the global stock market tremor.
Argentina's total debt is about US$311 billion, of which US$121.9 billion is with private bondholders (35.9 percent of GDP), according to figures from the Ministry of Economy.
The government has recently announced the formation of the group of banks (Bank of America and HSBC) and the financial and information agents that will be intermediaries with the creditors.
The European Central Bank on Thursday followed other major central banks with a flurry of measures to cushion the impact of the coronavirus, including increased bond purchases and cheap loans to banks, but surprised observers by leaving key interest rates unchanged.
Stock losses were widespread, but the impact on major airlines was especially acute after US President Donald Trump announced a 30-day travel ban on European travellers.
Both Delta Air Lines and United Airlines tumbled more than 10 percent, adding to losses in a bruising period for the industry.