Credit Rating
S&P raised Argentina rating to B- and country risk fell to 437 points
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S&P Global Ratings upgraded Argentina's sovereign credit rating from CCC+ to B- on Friday. Country risk closed at 437 basis points, the lowest level since May 2018.
Elon Musk publicly challenged Moody's credit assessment of Tesla after the agency gave SpaceX a higher rating. The comments came as the two companies' financial profiles were compared.
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Fitch Ratings upgraded South Africa’s long-term foreign and local currency ratings from BB- to BB on 5 June with a stable outlook, the agency’s first upgrade for the country in more than 20 years.
Rating agency Agusto & Co. has affirmed the 'A3' rating for Abbey Mortgage Bank. This affirmation highlights the bank's stable financial position as reported by THISDAYLIVE.
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Standard & Poor's rating agency downgraded France's sovereign rating from AA- to A+ on Friday evening, citing persistent uncertainty over public finances despite the 2026 budget proposal. This anticipated decision, the third in a year, is largely attributed to the suspension of pension reform. Economy Minister Roland Lescure sees it as a call for lucidity and collective responsibility.