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Moody's Upgrades Argentina's Credit Rating Amid Trade Surplus

1/26/2025

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Moody's upgraded Argentina's long-term foreign currency credit rating to "Caa3," citing effective policies under President Javier Milei.
The country recorded a historic $18.9 billion trade surplus in 2024, showcasing successful reforms.
The outlook is now "positive" due to fiscal adjustments and improved external finances.
Moody's cautioned about risks related to external debt payments and future economic challenges.
This is Argentina's first rating upgrade in five years, following a downgrade in 2020.

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Story summary

Moody's upgraded Argentina's long-term foreign currency credit rating to "Caa3," citing effective policies under President Javier Milei.
The country recorded a historic $18.9 billion trade surplus in 2024, showcasing successful reforms.
The outlook is now "positive" due to fiscal adjustments and improved external finances.
Moody's cautioned about risks related to external debt payments and future economic challenges.
This is Argentina's first rating upgrade in five years, following a downgrade in 2020.