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Moody's upgrades Argentina, aligning top three rating agencies for first time in decade
The move follows earlier upgrades by Fitch and S&P as fiscal surpluses, slower inflation and stronger external finances improve the country’s credit outlook.
- On Tuesday, Moody's Ratings upgraded Argentina's credit score to B3 from Caa1, marking the nation's third sovereign upgrade in three months and validating President Javier Milei's economic overhaul plan.
- Following Fitch Ratings' May upgrade and S&P Global Ratings' June action, all three major credit-rating firms now rate Argentina above the highly distressed category, citing Milei's success in restoring fiscal accounts.
- Argentina's country-risk index fell 2.6% as dollar bonds climbed; New York-listed bank shares led gains, with Banco Supervielle rising 4.4%, widening the pool of institutional investors able to hold the country's debt.
- Economy Minister Luis Caputo and Secretary of Economic Policy José Luis Daza welcomed the upgrade, while IMF Managing Director Kristalina Georgieva plans to visit Argentina next week to meet with officials.
- Moody's warned 'political risk nonetheless remains a key constraint on the rating' ahead of the 2027 presidential election, while portfolio manager Tobias Sanchez noted Argentina remains 'risky debt' and 'still far from investment grade'.
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34 Articles
34 Articles
Milei's reform program has earned him improvements to the country's sovereign credit rating, although Argentina remains speculative territory.
·Mexico
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Moody's upgrades Argentina, aligning top three rating agencies for first time in decade
Moody's joins Fitch and S&P in upgrading Argentina's credit rating, bonds and bank stocks rally, and the peso holds steady — as Georgieva's IMF prepares a landmark visit to Buenos Aires.
·Berlin, Germany
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Moody’s Lifts Argentina Credit Rating in Fresh Boost to Milei
·New York, United States
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Coverage Details
Total News Sources34
Leaning Left2Leaning Right5Center1Last UpdatedBias Distribution62% Right
Bias Distribution
- 62% of the sources lean Right
62% Right
L 25%
13%
R 62%
Factuality
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