Experts don’t foresee the news impacting Argentina’s rating, which remains at ‘very high risk of default’
Markets
Milei’s government is closing in on its lowest country-risk reading yet, but Fed expectations and a stronger dollar could close the door again
Sovereign bonds are on the rise, a development that comes after the country’s credit rating was upgraded last week
Agency rises the country’s credit score from CCC+ citing stronger fiscal and external position, but flags inflation risks
The International Monetary Fund warns war-driven shocks will slow growth and stoke inflation, with Argentina expanding 3.5% this year
Local assets reacted strongly to the improved global climate, in line with the rally in international stock markets
Argentina’s dollar bonds plummet, country risk rises due to war in Middle East
Argentine companies trading on Wall Street also saw their shares drop as global markets continue reeling
What effects could the war in the Middle East have on the Argentine energy market?
Analysts warn the price of crude oil will rise due to the conflict between the US, Israel and Iran, and that the war will have a direct impact on Argentina’s energy balance
A low score is key for the country’s ability to regain access to the international debt market