Argentina

• Friday, July 18th 2025 - 10:43 UTC

  Moody's upgrades Argentina's rating with positive shifting

  

  Moody's has raised Argentina's foreign and local currency credit rating from Caa3 to Caa1, also shifting the outlook from “stable” to “positive.” This upgrade reflects Moody's view that Argentina's broad liberalization of exchange and capital controls, coupled with a new program with the International Monetary Fund (IMF), will improve the availability of foreign currency and ease pressure on external finances.

• Thursday, July 17th 2025 - 10:35 UTC

  Buenos Aires to hold AMIA bombing anniversary ceremony under tight security

  

  As the 31st anniversary of the Argentine Israeli Mutual Association (AMIA) bombing looms over, Iran has strongly criticized President Javier Milei for his unwavering support of Israel. Iran's embassy in the UK issued a document condemning Argentina, alongside Canada, the Czech Republic, and Paraguay, for backing Israel's “military actions” against Iran and condemning Iran's “defensive attacks.”

• Thursday, July 17th 2025 - 09:25 UTC

  Major overhaul announced for Buenos Aires underground Line B

  

  The Chinese company CRRC Changchun Railway Vehicles Co. Ltd has been awarded a US$301.5 million contract by the Buenos Aires City government to completely renovate the fleet of Line B of the underground metro system. This line is the most heavily used, serving approximately 180,000 daily users.

• Wednesday, July 16th 2025 - 19:55 UTC

  Buenos Aires City transitioning to CNG or electric bus services

  

  Beginning January 1, 2027, all new buses incorporated into the Autonomous City of Buenos Aires' (CABA) public transport system must be powered by compressed natural gas (CNG) or electricity. Vehicles running on these alternative fuels will receive higher subsidies to encourage adoption, it was announced. The existing conventional diesel-powered buses currently in service may continue operating until they reach their maximum service time.

• Wednesday, July 16th 2025 - 10:55 UTC

  Falklands, Argentine opposition demands information on alleged Argentina, UK, US, NATO understanding

  

  A recent article published by The Economist, and reproduced by MP, indicating a secret military dialogue between Argentina and UK, with the backing of the President Trump administration, which could lead to a softening of President Javier Milei’s Argentine claim over the Falkland/Malvinas Islands in exchange for NATO military support, has triggered demands for answers in the Argentine Congress.

• Wednesday, July 16th 2025 - 09:34 UTC

  Argentina granted a stay by NY court in YPF case

  

  The Second Circuit Court of Appeals in New York Tuesday granted Argentina a temporary administrative stay on a ruling that ordered the country to hand over 51% of its shares in the state oil company YPF to various plaintiff funds.

• Tuesday, July 15th 2025 - 22:03 UTC

  Argentina, Brazil, and Paraguay to set up joint intelligence base on Triple Frontier

  

  Paraguay, Brazil, and Argentina have agreed to establish a new intelligence base in Puerto Iguazú, Argentina, within the region known as the Triple Frontier on the border with Foz do Iguaçu, Brazil, and Ciudad del Este, Paraguay. This base will focus on combating organized crime and terrorism and will receive support and training from the US Federal Bureau of Investigation (FBI).

• Tuesday, July 15th 2025 - 11:13 UTC

  Indec says June's inflation in Argentina was 1.6%

  

  Argentina's National Institute of Statistics and Census (Indec) reported on Monday that inflation in June was 1.6%, marking the second-lowest monthly figure of the year. This brings the cumulative inflation for the first six months of 2025 to 15.1%. The year-on-year inflation rate stood, thus, at 39.4%.

• Tuesday, July 15th 2025 - 10:55 UTC

  Argentina's F-16s said to have limited capacities due to UK concerns

  

  According to an Argentine high-ranking military official quoted by Buenos Aires' La Política Online but left unnamed, the recent acquisition of US-built second-hand F-16 fighter jets from Denmark did not include certain features at the UK's request.

• Monday, July 14th 2025 - 19:11 UTC

  Judge Preska insists Argentina must pay for YPF expropriation

  

  Judge Loretta Preska of the Southern District of New York Monday upheld her 2023 ruling against Argentina, rejecting the Libertarian Government's request to suspend the transfer of 51% of YPF shares to vulture funds Burford Capital and Eton Park Capital Management. This decision mandates the handover of shares valued at US$16.1 billion and is believed to represent a significant blow to the South American country, potentially leading to the loss of control over its national oil company.