Moody's upgrades Argentina to B3, aligning with Fitch and S&P for first time in a decade

Moody's raised Argentina's sovereign credit rating to B3 from Caa1 and shifted the outlook to positive, citing President Milei's economic reforms. This move marks the first time in ten years that the three major rating agencies have reached a consensus on the country's creditworthiness, signaling increased institutional confidence in the current fiscal trajectory.