Source: Frontera
By: Divyansh Awasthi
3/13/2017
Moody’s noted the following reasons in its report as the key drivers for its outlook upgrade:
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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