Country Risk Hits 514 After Fitch Lifts Argentina to B
The upgrade lifted Argentina six notches below investment grade and widened the pool of investors eligible to buy its sovereign debt.
- On Tuesday, Fitch Ratings upgraded Argentina to B-, moving the country out of the CCC category for the first time since 2019 amid improved economic conditions under Milei.
- Fitch cited a "stronger external position" as Argentina emerged as a net energy exporter, helping shield the country from the oil shock linked to the Iran war while praising fiscal improvements.
- Argentine dollar bonds rallied Wednesday following the upgrade, with Benchmark notes rising 1.4 cents to 75.9 cents on the dollar as yields fell to 9.66 percent.
- Deputy Economy Minister Luis Daza said, "With this, Argentina crosses a key threshold in international financial markets," as thousands of institutional funds restricted from CCC-rated instruments may now allocate capital.
- Economy Minister Luis Caputo has ruled out tapping external markets for now, focusing instead on local issuance and privatization ahead of sizable debt maturities in 2027.
15 Articles
15 Articles
Country Risk Hits 514 After Fitch Lifts Argentina to B
Argentina’s country risk index fell 41 points to 514 on Wednesday May 6, the lowest since February 18, after Fitch upgraded the sovereign to B- from CCC+ on Tuesday and Secretary of Economic Policy José Luis Daza promised “an avalanche of dollars” at the Inside Argentina 2026 event hosted by Moody’s at the Four Seasons […] The post Country Risk Hits 514 After Fitch Lifts Argentina to B- Rating appeared first on The Rio Times.
The change in rating of Argentina's debt was well received by the market. One day after Fitch Ratings raised the credit rating from CCC+ to B- with a stable perspective, after recognizing the government "structural improvements in fiscal matters and in the external balance", local financial assets operate upwards: the country risk goes back to the lowest value in two weeks and the shares rise to 11%, also driven by a favorable climate at the int…
The bonds advanced more than 2% on Wall Street.What the change in the note implies.
The sovereign bonds in dollars bounced hard on the day, led by the longest-term Globals, after Argentina’s debt received a rating improvement. On Wall Street, the banks headed the ups, while the energy backsliding by the drop in oil.
The financial market valued this Wednesday the improvement in the rating of the Argentine debt by the agency Fitch Ratings, which resulted in strong increases in shares and bonds, while the country risk fell. Public bonds showed general increases, with peaks of 2.5% in GD35, of 2.3% in Argentina....
Coverage Details
Bias Distribution
- 100% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
