Credit ratings agency Fitch upgraded Argentina’s sovereign debt rating to “CCC” from “CC”, citing improved ability to meet upcoming foreign debt payments and successful economic reforms under President Javier Milei. Fitch said the upgrade, which maintains the country in junk status, reflects growing confidence in Argentina’s financial stability, bolstered by significant dollar inflows from a tax amnesty program that has already brought over $20 billion into the economy.
November 16, 2024
SOURCE: TODAY RTL
Fitch upgrades Argentina debt rating amid economic pain