Argentina business delinquency surges 53% YoY, nearly 59,000 firms affected

A Fidelitas consultancy survey shows business delinquency in Argentina's banking system rose 53% year-over-year, with nearly 59,000 companies affected and over 1,900 added in September alone. The rapid deterioration signals mounting financial stress in the corporate sector, likely reflecting broader economic contraction and credit tightening. The trend's persistence could amplify banking sector risks and weigh on growth.