The U.S. judicial "pari passu" ruling therefore forced Argentina to miss the scheduled bond payments being managed from New York, as from July 30, 2014 (bonds issued under Argentine law (paid through Citibank Argentina) and bonds issued under European Law (paid through Euroclear and Clearstream), were not affected.). This in turn caused Argentina to be declared in selective default by Standard & Poor's and in restricted default by Fitch, meaning that some Argentine bondholders were receiving payment while others now weren't.