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Updated · Bloomberg · May 5Argentina credit score rises to B-
11 articles · Updated · Bloomberg · May 5
- Fitch raised the South American nation's rating from CCC+ on Tuesday and assigned a stable outlook, citing President Javier Milei's economic overhaul.
- The move signals growing confidence in Milei's efforts to stabilise the economy and secure financing to meet upcoming debt obligations.
- Even after the upgrade, Argentina remains six notches below investment grade, underscoring the country's still-speculative credit profile.
Beyond the credit upgrade, what must Argentina do to escape its 'junk' bond status for good? Is Argentina's celebrated fiscal surplus merely a product of collapsing wages and a hollowed-out industry? Can Milei’s economic 'miracle' survive the social crisis it created and outlast his political term?