Argentina Upgraded by Fitch on Milei’s Economic Overhaul
Fitch cited fiscal and external gains, while analysts said Argentina’s financing prospects improved enough to support debt payments.
- On Tuesday, Fitch Ratings upgraded Argentina's credit score to B- from CCC+, signaling growing confidence in President Javier Milei's push to overhaul the economy and secure financing for upcoming debt obligations.
- Markets rallied after Milei strengthened his position in Congress following October's midterm elections, fueling expectations that his reform agenda—including aggressive fiscal adjustment and deregulation—can now move forward.
- Analysts Christopher Dychala, Richard Francis, and Shelly Shetty wrote the move "reflects structurally improved fiscal and external balances," while yields on the 2035 global dollar Bond have fallen to around 10 percent.
- Investors view these moves as critical to improving the credit profile, yet Economy Minister Luis Caputo ruled out foreign-law Bond issuances in short term, choosing to rely on local funding.
- Fitch cautioned that Argentina's international liquidity remains weak, leaving the country vulnerable to confidence shocks, while JPMorgan's EMBI index shows country risk remains sensitive to global repricing following the war in Iran.
15 Articles
15 Articles
Argentina Wins First Fitch Upgrade Under Milei to B- as Reforms Land
The Argentina Fitch upgrade announced on Tuesday, May 5, 2026 raised the country’s long-term foreign and local currency sovereign credit rating from CCC+ to B-, with a stable outlook and the country still six notches below investment grade. The decision is the first Fitch upgrade for Argentina under President Javier Milei and reflects what the […] The post Argentina Wins First Fitch Upgrade Under Milei to B- as Reforms Land appeared first on The…
With this, the country is on its way back to the capital market.The report highlights progress in economic reforms.
Fitch Ratings improved the rating of Argentina's debt after highlighting progress in fiscal consolidation, accumulation of reserves and structural reforms, although it alerted to some challenges
Canal C Fitch, credit rating agency, raised the rating of Argentine debt and improved markets In a new edition of “What happened?”, on Canal C’s screen, Walter Giannoni analyzed the positive reaction of the markets after the international agency Fitch Ratings improved the rating of Argentine debt. The note went from CCC+ to B, in recognition of the fiscal and financial advances of the government of Javier Milei. The driver detailed that after th…
While the policy shows volatility, the markets were partying on Wednesday. On a day of euphoria for local assets, triggered by the improvement of the grade to B- for the country by the debt risk qualifier, Fitch, there was a 2% rise in sovereign bonds, which collapsed to the country risk up to 514 points. There was also a 4.4% jump in the Merval, while the dollar accompanied with a decrease up to $1,388. At the global level there was also a gene…
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