Moody’s lifts Argentina’s credit rating
Agency says country’s default risk has declined amid fiscal surpluses and falling inflation
Moody’s has raised Argentina’s credit rating in a sign that investors continue to back president Javier Milei’s economic blueprint for the country.
In a statement on July 21, the credit rating agency said it had upgraded Argentina from Caa1 to B3 and changed its outlook from “stable” to “positive”. “The upgrade reflects our assessment that Argentina’s default risk has declined materially as macroeconomic stabilisation has advanced beyond the initial adjustment phase into a more durable
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