Fitch could raise Argentina's debt rating following the removal of the currency controls.

The rating agency Fitch Ratings anticipated that it could soon improve Argentina's sovereign debt rating, following the Government's announcement by Javier Milei about the lifting of the currency control and the agreement with the International Monetary Fund (IMF). Currently, Argentina's long-term dollar bonds hold a CCC rating since November 15, just above the lowest levels: CC and C, which precede selective default. "Argentina's currency policy reform and the new program with the IMF offer a clearer path toward reserve accumulation and a potential recovery of market access, which could improve the sovereign rating of CCC," Fitch noted in a recent report.