Argentina's Buenos Aires province extends deadline for debt talks

<br> BUENOS AIRES, June 4 (Reuters) - Argentina's Buenos Aires province extended on Thursday the deadline for debt restructuring talks with its creditors to June 19, saying there could be room for negotiation with its creditors.<br> <br> The province pushed out the deadline, previously set for Friday, after failing to reach a deal with bondholders, but said in a statement that it would "intensify the dialogue with investors who have not yet accepted the proposal" for about $7.148 billion in debt.<br> <br> "There is a certain margin to introduce changes to the offer and, in turn, respect the sustainability framework drawn up by the province," the province's finance minister, Pablo Lopez, said in a statement, adding that officials remain committed to "good faith" communication in order to arrive at the best possible alternative.<br> <br> Provincial officials need approval by holders of more than 75% of the debt to move forward with a restructuring proposal.<br> <br> <br> <br> Officials previously invited creditors to submit counter-offers after they rejected the province's original offer.<br> <br> Ratings agency S&amp;P Global cut Buenos Aires's credit rating to "SD" from "CC" after the province missed the deadline for about a $110 million bond payment on May 14.<br> <br> The provincial debt crunch hits as the federal government has still not hammered out a restructuring deal on about $65 billion in sovereign bonds, leading to the nation's ninth sovereign default in May.<br> <br> <br> <br> (Reporting by Cassandra Garrison; Editing by Sandra Maler and Leslie Adler)<br> <br> <br> adverts.addToArray("pos":"inread_player")Advertisement<br> <br> <br> <br> If you have any type of inquiries regarding where and the best ways to utilize strontium pollex 32gb flash drive (black/red) - http://onascotrading.com , you could call us at the web site.

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