HISTORIAArgentina's country risk falls after Moody's sovereign rating upgrade
Financial markets react positively to Moody's credit rating improvement, with stock market reaching new records.
Argentina's country risk decreased following Moody's sovereign credit rating upgrade, with the indicator approaching 400 points according to IProfesional.
The S&P Merval gained 3% and recorded its fourth consecutive increase, while the dollar rose to $1.505 at Banco Nación and reserves exceeded USD 49,000 million, as reported by Infobae.
Market Response
Argentina's financial markets reacted positively to Moody's sovereign credit rating upgrade, with the S&P Merval gaining 3% and recording its fourth consecutive increase. The country risk indicator fell across different reports, with IProfesional noting it approached 400 points, while Infobae and Mercado reported it at 410 and 413 points respectively.
Currency and Reserves
The dollar strengthened to $1.505 at Banco Nación following the rating upgrade, while international reserves exceeded USD 49,000 million again, according to Infobae.
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