Argentina climbs one level in Moody's rating, but still below investment grade

Saturday, December 2nd 2017 - 09:45 UTC

Full article 3 comments

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

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Marti Llazo
.... but still below investment grade....

Also technically known as Junk Bonds.
Dec 02nd, 2017 - 08:48 pm - Link - Report abuse 0
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imoyaro
At least it is a step above toilet paper, and definitely worth more than “gold” in World of Warcraft...
Dec 03rd, 2017 - 10:40 am - Link - Report abuse 0
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Marti Llazo
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.
Dec 03rd, 2017 - 01:58 pm - Link - Report abuse 0
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