US EditionFitch upgrades Argentina debt rating amid economic pain
15 Articles
15 Articles
Fitch Ratings announced that it maintained the credit rating on Codelco. Thus, the agency ratified the assessment of “AA+” for national long-term long-term ratings. The agency also commented that it affirmed the international rating of issuer risk (IDR; issuer default rating) in foreign and local currencies in ‘BBB
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Fitch upgrades Argentina debt rating amid economic pain
Credit ratings agency Fitch upgraded Argentina's sovereign debt rating to "CCC" from "CC" on Friday, citing improved ability to meet upcoming foreign debt payments and successful economic reforms under President Javier Milei. Fitch warned that significant challenges remain ahead, with Argentina facing large debt payments of $4.3 billion due in both January and July 2025.
The Fitch rating agency warned that structural challenges persist, such as the low level of net reserves and uncertainty about external financing, factors that could complicate the long-term stability landscape.
It's because of the drop in country risk. He considered that the conditions for dealing with maturities had improved. The post Financial recovery: the Fitch rating agency raised Argentina's debt score appeared first on El Intransigente.
The rating agency Fitch Ratings raised Argentina's long-term rating from “CC” to “CCC” this Friday (15). Argentina had its tenth consecutive monthly primary fiscal surplus in October, reaching 746.921 billion Argentine pesos (US$ 753.7 million), Economy Minister Luis Caputo posted on social media this Friday, as the government adopts strict austerity measures to address the economic crisis.
It is because of the low risk pa s. Considers that the conditions for dealing with maturities have improved.
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