S&P Lifts Argentina Rating, Sees Nation More Able to Repay Debt
Pedestrians walk through Plaza de Mayo in Buenos Aires, Argentina.
Photographer: Sarah Pabst/BloombergS&P Global Ratings lifted Argentina’s credit score by a notch, saying that improved economic metrics and the governments increased congressional support make it better able to service its debts.
The rating agency raised the nation’s score to CCC+, seven notches below investment grade, it said in a statement on Wednesday. The outlook is stable.