Moody’s Upgrade Can Open Doors for Argentina
By: Divyansh Awasthi
Moody’s noted the following reasons in its report as the key drivers for its outlook upgrade:
- Argentina’s improved policy stance which supports a return to economic growth in 2017.
- The firm’s expectation that faster economic growth will allow Argentina’s government to begin reducing its high fiscal deficit in 2018.
The report stated that, “Over the past fourteen months, a number of policies have been introduced which have laid the ground for future improvements to Argentina’s economic and fiscal strength, and for a reduction in its exposure to shocks. The positive outlook reflects the rising likelihood that those policies, and the improvements in Argentina’s institutional strength which they illustrate, will be sustained and bring about lasting improvements in Argentina’s credit profile.”
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