The Risk Qualifier came to raise Argentina’s qualification as a long -term debt issuer, both in local and foreign currency.
Moody´s announced that it improved intrinsic solvency qualifications (BCAS) to Banco Macro, Grupo Financiero Galicia and Banco Mortgotario, “CAA3”, from “CA”.
It should be noted that the decision took place within the framework of the Suba of the Sovereign Note of Argentina, and It accounts for the solid credit solvency of financial entities in the context of challenging operational conditions in the country, They expressed from the financial sector.
A few days ago, Moody´s raised Argentina’s qualification as a long -term debt issuer, both in local and foreign currency. He raised it to “Caa3”, from “CA”, as a result of the “fiscal order” promoted by the government of Javier Milei.
According to a statement, the decision reflects “The energetic change of government policy, which has allowed a fiscal adjustment that helps correct economic imbalances.” Moody’s highlighted the official measures, which included generalized cuts of spending, which resulted in a substantial reduction in public debt burden. In addition, it expects that Public debt continues to decrease, approaching 50% of GDP in 2026.
The fiscal adjustment allowed the Central Bank to adopt a restrictive monetary policywhich contributed to reduce inflation from very high levels.
Source: Ambito
