Updated
Updated · The Washington Post · Jul 25
Moody’s Upgrades Argentina Dollar Bonds, Lifts Outlook to Positive After 3 Ratings Moves
Updated
Updated · The Washington Post · Jul 25

Moody’s Upgrades Argentina Dollar Bonds, Lifts Outlook to Positive After 3 Ratings Moves

1 articles · Updated · The Washington Post · Jul 25

Summary

  • Moody’s raised Argentina’s dollar-bond rating and changed its outlook to positive, marking the country’s third sovereign upgrade in less than three months after moves by Fitch in May and S&P in June.
  • 1.9% monthly inflation in June and a modest fiscal surplus underscore President Javier Milei’s reform drive, after inflation was running near 25% a month when he took office in December 2023.
  • Moody’s said macroeconomic stabilization has moved beyond the initial adjustment phase into a more durable improvement in credit fundamentals, with stronger exports and energy-sector expansion adding support.
  • Less than three years after Argentina was seen as dangerously close to default, it has exited the “highly distressed” category, bolstering Milei’s push to reach investment-grade status within five years.

Insights

As Argentina's bond ratings soar, will the looming 2027 elections trigger a catastrophic reversal of Milei’s radical economic experiment?
With massive 2025 foreign bailouts fueling Argentina's comeback, is the economic miracle real or just a debt-fueled illusion?