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S&P Global Upgrades Argentina’s Rating From SD to CCC+; Stable Outlook

RIO DE JANEIRO, BRAZIL - S&P Global risk agency raised Argentina's rating from SD (selective default) to CCC+. The outlook is stable.

The rating comes after Argentina has restructured approximately 99 percent of its bonds denominated in dollars, and secured a guarantee from the International Monetary Fund (IMF) to begin renegotiating an agreement.

"This important step forward provides the opportunity for the government to articulate a broader plan to tackle various post-pandemic macroeconomic challenges, negotiate a new program with the IMF, and work to settle delays with the Paris Club," S&P Global said in a . . .

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