S&P boosts Argentine rating one notch

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Standard and Poor's (S&P), a credit ratings agency, on Tuesday hiked its assessment of Argentina one notch to B, citing an improvement in the country's debt levels.

Sebastian Briozzo, a credit analyst at S&P, one of the so-called "big three" credit rating agencies, said the improved assessment had augured as a result of the "strong economic recovery in 2010, supported by favourable external conditions that are expected to persist over the medium term."

Buenos Aires' benchmark Merval stock index

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