Moody's upgrades Buenos Aires city credit rating above sovereign level

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.