S&P sees no Argentina default 'cure' until after October elections

Argentina is unlikely to resolve a legal dispute over paying restructured debt until after its presidential election which is due in October, ratings agency Standard & Poor's said on Thursday. A U.S. judge has barred Argentina from paying interest on bonds that were restructured after its 2002 default until it settles with a group of U.S. investors who rejected the bond swaps. Argentina tipped back into default in July. S&P said it is maintaining its CCC+ local currency rating with a negative ou