1 of 1
Story summary
- S&P Global upgraded Argentina’s sovereign credit rating to stable B- from CCC, citing debt-repayment success, while inflation slowed in May to a 2.1% month-over-month rise.
- President Javier Milei praised Economy Minister Luis Caputo on social media after the inflation data release.
- Communications services rose 3.4%, the highest among categories, while food prices rose 2.5%.
- Cabinet chief Manuel Adorni admitted hiding $500,000 in undeclared savings and cryptocurrency in a corruption investigation.
