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ARGENTINA: Moody's Raises Local And Foreign Currency Ceilings

ARGENTINA
BulletEM BulletEmerging Market News
  • "Moody's Ratings (Moody's) has today raised Argentina's local currency ceiling to B3 from Caa1 and the foreign currency ceiling to Caa1 from Caa3." - Moody's
  • "The decision to raise the local and foreign currency ceilings reflects the increased predictability and the greater consistency in economic policy that has led to a rapid reduction in monetary and fiscal imbalances that were stoking very high inflation."
  • "The government's policy actions to unwind restrictions on cross-border payments and foreign exchange convertibility have increased availability of foreign currency liquidity in the country despite the low capital account openness."
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  • "Moody's Ratings (Moody's) has today raised Argentina's local currency ceiling to B3 from Caa1 and the foreign currency ceiling to Caa1 from Caa3." - Moody's
  • "The decision to raise the local and foreign currency ceilings reflects the increased predictability and the greater consistency in economic policy that has led to a rapid reduction in monetary and fiscal imbalances that were stoking very high inflation."
  • "The government's policy actions to unwind restrictions on cross-border payments and foreign exchange convertibility have increased availability of foreign currency liquidity in the country despite the low capital account openness."