- Moody’s raises credit score to Caa3 from Ca; outlook positive
- Government has aimed to stabilize finances, Moody’s says
Argentina’s credit rating was raised by Moody’s Ratings, which said the government’s efforts to stabilize its finances has decreased the likelihood it will renege on debt obligations.
The ratings company lifted the South American nation one notch to Caa3, the third-lowest level of junk and on par with Ecuador, Bolivia and Ethiopia, while raising the outlook to positive from stable, according to a statement on Friday.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.