Argentina corporate arrears double in two years, hit smallest firms hardest

Equilibra report shows firms with >90-day arrears rose from 16,212 to 37,482 in 24 months, with 9.3% of loans under $5M in arrears vs 1.8% for those over $3.8B. This signals deteriorating credit quality concentrated in SMEs, reflecting economic stress and potential systemic risk for Argentine banks.