Moody's upgrades Argentina to B3, aligning with Fitch and S&P for first time in a decade
Moody's raised Argentina's sovereign credit rating to B3 from Caa1 and shifted the outlook to positive, citing President Milei's economic reforms. This move marks the first time in ten years that the three major rating agencies have reached a consensus on the country's creditworthiness, signaling increased institutional confidence in the current fiscal trajectory.
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Argentina Sovereign Debt: Moody's Upgrades National and Buenos Aires Ratings
Moody's has upgraded Argentina's sovereign credit rating to B3 with a positive outlook, aligning with Fitch and S&P for the first time in a decade, confirmed by multiple sources. Concurrently, Moody's upgraded the Autonomous City of Buenos Aires (CABA) to B1 with a stable outlook, placing it two notches above the national sovereign rating. This indicates increased institutional confidence in both national economic reforms and CABA's superior fiscal management.