The Risk Qualifier Moody’s He joined the list of organisms that begin to warn a notable increase in the levels of indebtedness of Argentines. “In the last quarters there was a strong deterioration in the performance of credit portfolios originated by non -financial credit suppliers (PNFC),” they warned.
In his latest report, the Risk Qualification Agency said “The medium-salary debt relationship has increased strongly from the second half of 2024”with a rise from 72% between June of last year and January 2025. “Levels similar to those of 2018”he compared.
Moody’s analysts explained that this situation was generated because “The rates fell to a lower rate than inflation”. As a consequence, “persistently high interest rates in a context of descending inflation They translated into real rates above historical levels“
And they added: “From Moody’s local Argentina, we foresee that Money will continue to increase during the year 2025until the levels of positive rates are reduced and the wages show a sustained recovery trend. “
The increase in delinquency
During the last weeks There were several reports that accounted for the increase in indebtedness, and delinquencyin the country. Debts in personal credits climbed 4.6% in April, the highest level in 20 months, as can be seen from the latest data from the Central Bank.
There it was also known that the irregularity ratio of the credit to the private sector was 2.2% for the aggregate set of entities in that month, 0.2 points more than the previous month. The rise was explained above all by the credit for families, where relative delinquency increased to 3.7%, about 0.4 points more than in March.
The sector warning
On the other hand, from the Argentine Chamber of Non -Bank Financial Services Companies (Caesfi) they warned a few days ago to Scope that delinquency among its customers increased 5% in the last six months compared to the second semester of 2024.
As detailed, this increase reflects the growing difficulties that households face to fulfill their financial commitmentsin alternative credit channels to the traditional banking system.
Source: Ambito
