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Montevideo, February 23rd 2018 - 02:37 UTC
Argentina’s credit rating was raised one level by Moody’s Investors Service as President Mauricio Macri’s macroeconomic reform policies seem to have started to take hold, bolstering optimism about the nation’s long-term prospects. Read full article
.... but still below investment grade....
Also technically known as Junk Bonds.
At least it is a step above toilet paper, and definitely worth more than gold in World of Warcraft...
And to think that not so long ago the bond credit rating under the Kirchner government was Junk in Default.
It's a big hole to crawl out of, but at least somebody thinks they're headed in the right direction. Though personally I wouldn't invest in any Argentine Submarine Renovation Facility 10-Year Bonds.
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