Argentina’s Credit Upgrade Signals a Measured but Real Economic Turnaround
Moody’s raised Argentina’s credit rating two notches to Caa1 in July 2025, giving the country a bit more breathing room with investors, but still calling it speculative and risky.
The upgrade came after President Javier Milei’s government made dramatic budget cuts, tough new rules for public spending, and let the peso move more freely, ending years of tight currency controls.
Official figures from Argentina’s central bank show inflation dropped steeply, going from over 200% in late 2023 down to just under 56% year-on-year by May 2025—the lowest in five years.
The economy is finally picking up after being stuck for years; the OECD and Moody’s expect growth of about 4% in 2025 and 3.5 to 4% for 2026. Argentina’s $20 billion loan deal with the IMF, agreed in April 2025, played a big role.
The IMF demanded less money-printing, a clear fiscal target, and open currency trading as conditions. These steps helped restore some investor trust.
Multilateral lenders like the World Bank and Inter-American Development Bank also chipped in more than $20 billion combined in new support. After years on the edge of default, Argentina now sees the risk of another near-term crisis ease.
Businesses are finding it easier to plan and to get dollars for imports. However, the country remains in a precarious position—still rated as a risky bet, still facing opposition at home to spending cuts, and still needing to pay back large debts.
The main message: after years of chaos and high inflation, Argentina has finally done enough to earn slow trust from global investors.
This matters for business and people alike, as it opens up more investment, jobs, and lower prices down the road—if the government holds the line on reforms.
More: Argentina news in English, every day from The Rio Times.
Live Market IntelligenceArgentina — Live Market Board
Rio Times · Live Market Intelligence
Argentina — Live Market Board
-0.35%
205,430.33
+0.54%
68,929.72
+1.87%
10,969.16
-0.02%
2,848,945
-0.35%
2,566.28
-0.55%
60,210.69
-0.91%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| MERVAL | 2,848,945 | -0.35% | +30.51% | 3,022,485 | 3,042,365 | 2,991,150 | — |
| USD/ARS | 1,493 | +0.10% | +12.96% | 1,491 | 1,494 | 1,480 | — |
| YPF | 7,810 | +0.26% | +72.84% | 7,790 | 7,850 | 7,600 | 1,763,858 |
| GGAL | 6,980 | -0.78% | +1.82% | 7,035 | 7,115 | 6,920 | 1,564,062 |
| PAMPA | 5,115 | +0.69% | +26.70% | 5,080 | 5,140 | 5,000 | 721,190 |
| TXAR | 747.50 | -2.35% | +18.67% | 765.50 | 770.00 | 742.50 | 771,892 |
| ALUAR | 938.00 | -1.21% | +29.83% | 949.50 | 951.00 | 932.50 | 135,426 |
| TGS | 8,870 | -0.17% | +15.05% | 8,885 | 9,075 | 8,720 | 143,546 |
| CEPU | 2,156 | +1.84% | +28.36% | 2,117 | 2,165 | 2,086 | 404,146 |
| MIRGOR | 1,650 | -1.20% | -92.90% | 1,670 | 1,670 | 1,635 | 20,877 |
| COME | 40.93 | -0.73% | -30.47% | 41.23 | 41.60 | 40.50 | 4,258,884 |
| LOMA NEGRA | 3,130 | +0.08% | +5.80% | 3,128 | 3,205 | 3,090 | 182,992 |
| BYMA | 275.00 | -1.70% | +35.14% | 279.75 | 282.50 | 272.00 | 1,409,575 |
| TELECOM ARG | 4,233 | -0.70% | +55.19% | 4,263 | 4,335 | 4,160 | 31,896 |
| GLOBANT | 38.10 | -2.26% | -49.65% | 38.98 | 38.70 | 36.77 | 793,552 |
| MERCADOLIBRE | 1,870 | -3.59% | -20.71% | 1,940 | 1,927 | 1,870 | 329,640 |
This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief
In depth