The international credit rating agency Moody’s improved Argentina’s long-term foreign and local currency issuer grades from Ca to Caa3 but warned that “there are still significant risks to the country’s ability to cover upcoming external debt payments.” Moody’s also twitched Argentina’s outlook from stable to positive given the Libertarian “government’s forceful policy change that has allowed a fiscal and monetary adjustment that is helping to correct economic imbalances and stabilize external finances, in addition to reducing the probability of a credit event.”
January 25, 2025
SOURCE: MERCOPRESS
Moody’s improves Argentina’s grades