Moody’s upgrades its outlook on Argentina to ‘positive’

Moody’s upgraded Argentina’s long-term foreign and local currency debt rating from Ca to Caa3, with a positive outlook.

While praising the government’s efforts at macroeconomic stabilization, Moody’s warned of significant risks to the country’s ability to meet external debt payments.

Argentina’s new rating remains low, indicating high credit risk.

Despite challenges, President Javier Milei’s reforms have helped improve fiscal, monetary, and economic conditions.

However, external financial risks and a stronger peso could impact competitiveness and lead to foreign exchange outflows.

Moody’s noted that removing currency controls could attract investment but also pose risks to economic stability, Buenos Aires Herald has reported.

read more: https://buenosairesherald.com/economics/moodys-upgrades-its-outlook-on-argentina-to-positive

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