LatinNews Daily - 11 June 2026

*The international credit ratings agency S&P Global has raised Argentina’s long- and short-term local and foreign currency credit ratings from CCC+/C to B-/B. It said that the upgrade “reflects easing economic vulnerabilities and gradually improving external liquidity that set the stage for continued economic recovery”. It noted that “fiscal austerity, along with other measures, has improved the government’s access to voluntary funding from capital markets, as well as official lenders, to meet substantial foreign currency commercial debt servicing needs in 2026 and 2027”. S&P predicted that “there will likely be stress over the next 12 to 18 months that risk undermining economic stability” but expects that “a combination of fiscal, monetary, and exchange rate policies will enable the government to meet these challenges without defaulting or entering into a distressed debt exchange”. Argentina’s economy ministry yesterday announced that it had successfully issued Ar$6.12tn (US$4.27bn) in bonds, having received offers totalling Ar$7.4tn. This, it said, “means a rollover of 120.42%” of bonds which were due to mature yesterday.

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