Moody's raised Argentina's credit rating from Caa1 to B3 and changed the outlook from stable to positive. The upgrade stems from the fiscal surplus, falling inflation and incoming investments.
The rating agency Moody’s raised Argentina’s sovereign debt rating from Caa1 to B3 for both local and foreign currency commitments. It also changed the outlook from stable to positive.
The report cited a reduction in default risk, sustained fiscal surpluses, slowing inflation and rising foreign investment in energy and mining. The agency highlighted improved access to international financing.
Secretary of Economic Policy José Luis Daza noted that the three major rating agencies are now aligned at an equivalent B- rating for the first time in more than a decade. Economy Minister Luis Caputo celebrated the move on social media.
