BUENOS AIRES, Aug 27 (Reuters) – Argentina’s government sought on Wednesday to dispel doubts about its financing outlook, but ruled out reopening a 2005 debt swap for “holdout” creditors who rejected the restructuring. Investor concern over Argentina’s ability to meet its funding needs has grown this month since the center-left government sold $1 billion in 2015 bonds to Venezuela in a direct sale, with a high yield of 14. Despite the market jitters, Argentina has trade and budget surpluses, $47 billion in foreign reserves, and the economy has grown rapidly since a sharp crisis in 2001-02, which culminated in its historic $100 billion debt default. Massa, speaking at a business seminar, denied newspaper reports that the government was considering a proposal to reopen the 2005 debt restructuring, in which Argentina offered 25 cents on the dollar to creditors. Thomson Reuters is the world’s largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters. read more

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