Current Argentina credit ratings, according to the main rating agencies, provide a snapshot of the country’s creditworthiness and financial stability. These ratings are critical for understanding how international and domestic investors perceive Argentina ability to honor its financial commitments.
The ratings are determined by comprehensive evaluations conducted by major credit rating agencies such as Standard & Poor's (S&P), Moody's, and Fitch Ratings. Each of these agencies uses a distinct rating scale and methodology to assess the economic and financial health of Argentina, taking into account various factors such as economic performance, fiscal policies, political stability, and debt levels.
The table below shows the current Argentina credit ratings, according to the main rating agencies.
| Rating Agency | Rating | Outlook | Last Update | Action |
|---|---|---|---|---|
| Standard & Poor's | CCC | - | 18 Mar 2024 | rating upgrade |
| Moody's Investors Service | Ca | - | 29 Sep 2020 | outlook upgrade |
| Fitch Ratings | CC | - | 14 Jun 2023 | rating upgrade |
| DBRS | CCC | - | 11 Sep 2020 | rating upgrade |
Argentina: Long-term Rating Scales Comparison
Argentina long-term credit ratings, as assigned by major rating agencies, offer a comparative insight into the country's creditworthiness over an extended period. Each rating agency uses its own scale to evaluate the credit risk associated with Argentina sovereign debt. These scales help investors understand the likelihood that Argentina will meet its financial obligations.
Symbol means a negative outlook.
| Grade | Description | S&P | Moody's | Fitch | DBRS |
|---|---|---|---|---|---|
|
Investment Grade |
Prime |
AAA
|
Aaa
|
AAA
|
AAA
|
| High Medium Grade |
AA+
|
Aa1
|
AA+
|
AA(high)
|
|
|
AA
|
Aa2
|
AA
|
AA
|
||
|
AA-
|
Aa3
|
AA-
|
AA(low)
|
||
| Upper Medium Grade |
A+
|
A1
|
A+
|
A(high)
|
|
|
A
|
A2
|
A
|
A
|
||
|
A-
|
A3
|
A-
|
A(low)
|
||
| Lower Medium Grade |
BBB+
|
Baa1
|
BBB+
|
BBB(high)
|
|
|
BBB
|
Baa2
|
BBB
|
BBB
|
||
|
BBB-
|
Baa3
|
BBB-
|
BBB(low)
|
||
|
Speculative Grade |
Speculative |
BB+
|
Ba1
|
BB+
|
BB(high)
|
|
BB
|
Ba2
|
BB
|
BB
|
||
|
BB-
|
Ba3
|
BB-
|
BB(low)
|
||
| Highly Speculative |
B+
|
B1
|
B+
|
B(high)
|
|
|
B
|
B2
|
B
|
B
|
||
|
B-
|
B3
|
B-
|
B(low)
|
||
| Substantial Risk |
CCC+
|
Caa1
|
CCC+
|
CCC(high)
|
|
|
CCC
|
Caa2
|
CCC
|
CCC
|
||
|
CCC-
|
Caa3
|
CCC-
|
CCC(low)
|
||
| Extremely Speculative |
CC
|
Ca
|
CC
|
CC
|
|
|
C
|
C
|
C
|
C
|
||
| In Default |
RD
|
/
|
RD
|
RD
|
|
|
SD
|
/
|
SD
|
SD
|
||
|
D•NR
|
D•NR
|
D•NR
|
D•NR
|
||
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Argentina Credit Ratings historical data
Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.
| Date | S&P | Moody's | Fitch | DBRS |
|---|---|---|---|---|
| 18 Mar 2024 | CCC | |||
| 14 Jun 2023 | CC | |||
| 31 Mar 2023 | CCC- | |||
| 27 Mar 2023 | C | |||
| 17 Nov 2022 | CCC+ | |||
| 27 Oct 2022 | CCC- | |||
| 29 Sep 2020 | Ca | |||
| 11 Sep 2020 | CCC | CCC | ||
| 8 Sep 2020 | CCC+ | |||
| 14 Jul 2020 | SD | |||
| 8 Jul 2020 | SD | |||
| 27 May 2020 | D | RD | ||
| 18 Apr 2020 | C | |||
| 8 Apr 2020 | SD | CC | ||
| 7 Apr 2020 | RD | |||
| 4 Apr 2020 | Ca | |||
| 8 Jan 2020 | CCC- | |||
| 31 Dec 2019 | CC | |||
| 24 Dec 2019 | CC | |||
| 21 Dec 2019 | SD | RD | ||
| 4 Sep 2019 | CC | |||
| 2 Sep 2019 | CC | |||
| 31 Aug 2019 | CCC- | Caa2 | RD | |
| 30 Aug 2019 | SD | |||
| 19 Aug 2019 | B- | CCC | ||
| 13 Jul 2019 | B2 | |||
| 13 Nov 2018 | B | |||
| 8 Nov 2018 | B | |||
| 31 Aug 2018 | B+ | |||
| 4 May 2018 | B | |||
| 29 Nov 2017 | B2 | |||
| 7 Nov 2017 | B | |||
| 30 Oct 2017 | B+ | |||
| 4 Apr 2017 | B | |||
| 6 Mar 2017 | B3 | |||
| 13 May 2016 | B | |||
| 10 May 2016 | B | |||
| 6 May 2016 | B- | |||
| 15 Apr 2016 | B3 | |||
| 24 Nov 2015 | Caa1 | |||
| 2 Nov 2015 | Caa1 | |||
| 31 Jul 2014 | Caa1 | RD | SD | |
| 30 Jul 2014 | SD | |||
| 20 Jun 2014 | CC | |||
| 17 Jun 2014 | CCC- | |||
| 17 Mar 2014 | Caa1 | |||
| 18 Feb 2014 | CCC (high) | |||
| 10 Sep 2013 | CCC+ | |||
| 30 Aug 2013 | B (low) | |||
| 27 Nov 2012 | CC | |||
| 30 Oct 2012 | B- | B | ||
| 17 Sep 2012 | B3 | |||
| 23 Apr 2012 | B | |||
| 5 Oct 2011 | B | |||
| 19 Oct 2010 | B (low) | |||
| 13 Sep 2010 | B | |||
| 12 Jul 2010 | B | |||
| 31 Oct 2008 | B- | |||
| 22 Oct 2008 | B (low) | |||
| 14 Aug 2008 | B3 | |||
| 11 Aug 2008 | B | |||
| 25 Apr 2008 | B+ | |||
| 6 Sep 2007 | B (low) | |||
| 16 Jan 2007 | B3 | |||
| 2 Oct 2006 | B+ | |||
| 23 Mar 2006 | B | |||
| 14 Dec 2005 | RD | |||
| 29 Jun 2005 | B3 | |||
| 3 Jun 2005 | DDD | |||
| 1 Jun 2005 | B- | |||
| 14 Jan 2005 | D | |||
| 20 Aug 2003 | Caa1 | |||
| 21 Dec 2001 | Ca | |||
| 3 Dec 2001 | DDD | |||
| 6 Nov 2001 | SD | C | ||
| 2 Nov 2001 | CC | |||
| 30 Oct 2001 | CC | |||
| 12 Oct 2001 | Caa3 | CCC- | ||
| 9 Oct 2001 | CCC+ | |||
| 26 Jul 2001 | Caa1 | |||
| 13 Jul 2001 | B3 | |||
| 12 Jul 2001 | B- | |||
| 11 Jul 2001 | B- | |||
| 8 May 2001 | B | |||
| 28 Mar 2001 | B2 | B+ | ||
| 26 Mar 2001 | B+ | |||
| 20 Mar 2001 | BB- | |||
| 19 Mar 2001 | BB- | |||
| 21 Nov 2000 | B1 | |||
| 14 Nov 2000 | BB- | |||
| 22 Sep 2000 | BB | |||
| 21 Sep 2000 | BB | |||
| 10 Feb 2000 | BB | |||
| 6 Oct 1999 | B1 | |||
| 22 Jul 1999 | BB | |||
| 3 Sep 1998 | Ba3 | |||
| 2 Oct 1997 | Ba3 | |||
| 28 May 1997 | BB | |||
| 2 Apr 1997 | BB | |||
| 8 Mar 1995 | BB- | |||
| 4 Feb 1994 | BB- | |||
| 25 Aug 1993 | BB- | |||
| 13 Jul 1992 | B1 | |||
| 26 May 1989 | B3 | |||
| 4 Dec 1987 | B2 | |||
| 18 Nov 1985 | Ba3 |
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