Argentina's Country Risk Hits Record Low Under Milei

Argentina's country risk rating fell significantly to the lowest level during Javier Milei's presidency. This decline comes after S&P Global upgraded Argentina's sovereign credit rating to 'B-'. The improvement in the credit rating has positively impacted the nation's financial standing.

Argentina's country risk has significantly dropped to approximately 460 basis points, marking a record low during President Javier Milei's tenure. This remarkable decrease was reported on Thursday by financial traders.

The downward shift followed a recent action by S&P Global, which upgraded Argentina's sovereign credit rating to ‘B-’.

This positive movement in Argentina's credit standing demonstrates improved confidence in the country's economic stability and prospects.