S&P Global Ratings announced that it has reaffirmed Argentina’s long-term foreign currency credit rating at “CCC” with a stable outlook. Despite the recent fiscal improvements under President Javier Milei, the agency points to persistent weaknesses in public finances. The country’s economic stability remains precarious due to its history of defaults, with the latest in March 2024, and ongoing issues with high inflation and currency volatility.
February 6, 2025
SOURCE: RIO TIMES
Argentina’s Credit Rating Holds Steady: S&P Sees Fragile Fiscal Balance Amid Milei’s Reforms