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Moody's Lowers 2026 Operating Margin Guidance, Raises Stock Repurchases Outlook (MCO:NYSE)
Moody’s said Argentina’s default risk has declined as fiscal surpluses, stronger exports and reserve gains support the country’s credit profile.
- On Tuesday, Moody's Ratings upgraded Argentina's credit score to B3 from Caa1, marking the nation's third sovereign upgrade in less than three months and boosting President Javier Milei's economic overhaul plan.
- This action follows Fitch Ratings' decision in May to lift Argentina to B1 and a similar move by S&P Global Ratings in June, with all firms citing Milei's success in restoring fiscal accounts and reducing inflation.
- The Central Bank accelerated reserve accumulation, meeting International Monetary Fund targets by purchasing more than $10 billion in foreign currency during the first half of 2026, while sovereign bond spreads reached their lowest levels in eight years.
- Argentine debt prices climbed in New York trading, as the upgrades broaden the pool of potential investors permitted to hold the nation's bonds and reflect increased market confidence.
- Murilo Riccini of Bradesco BBI called the upgrade positive, though risks remain ahead of the 2027 presidential election as the range of policy outcomes has narrowed, increasing the likelihood of policy continuity.
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26 Articles
26 Articles
Moody’s Lifts Argentina Credit Rating in Fresh Boost to Milei
·New York, United States
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Raised it from Caa1 to B3 and left it at the same level as Fitch and S&P Global
·Vicente López, Argentina
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The qualifier improved the credit rating from Caa1 to B3 for commitments in local and foreign currencies, and changed the outlook from stable to positive
·Buenos Aires, Argentina
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Total News Sources26
Leaning Left2Leaning Right4Center0Last UpdatedBias Distribution67% Right
Bias Distribution
- 67% of the sources lean Right
67% Right
L 33%
R 67%
Factuality
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