Argentina Debt Upgraded by Fitch in Fresh Boost for Milei

Argentina’s credit score was raised by Fitch Ratings, citing the country’s move to dismantle currency controls and its success in securing multilateral funding.

The ratings company upgraded the South American nation one notch to CCC+, seven levels into junk territory and on par with Ecuador and Sri Lanka, according to a statement on Monday. Fitch doesn’t assign outlooks to sovereigns with a grade of CCC+ or below.