Reported 8 days ago
Fitch Ratings upgraded Argentina’s credit rating from CC to CCC, citing improved confidence in the government's ability to honor upcoming foreign-currency bond payments. This decision follows President Javier Milei's initiatives to stabilize the economy and address inflation, despite ongoing concerns regarding currency controls. Fitch analysts noted that while investor sentiment has turned optimistic, risks remain regarding the government’s capacity to enhance its foreign reserves.
Source: YAHOO