In a historic turn that confirms the end of economic decline, the international agency Fitch Ratings has decided to raise Argentina's sovereign debt rating, catapulting it from CCC+ to a solid B- with a stable outlook. This move, announced on May 5, represents the third consecutive rise in the country's ranking under the administration of Javier Milei, consolidating a trajectory of credibility that the market already anticipated as the direct result of
current economic policy.According to the rating agency's report, this rise is based on a structural improvement in fiscal and external balance sheets, driven by an unprecedented agenda of economic reforms. The agency stressed that the official strategy has allowed an enviable accumulation of reserves and has guaranteed that the Government obtains the necessary funding to meet its obligations, breaking with years
of systematic defaults.
From a particular perspective, the pillars of this success are detailed in strong figures and key legislative victories: Fiscal Strength:
The balanced budget has become the new national standard. Fitch estimates a primary surplus of 1.1% of GDP, projecting that Argentina's general deficit will be among the best in category B, marking a “significant break with respect to the
past”.External and Energy Strength: Thanks to investment promotion policies, the country has become a net energy exporter.
