International rating agency S&P Global Ratings has upgraded Argentina's credit rating today. The rating is now CCC+, according to the Argentine News Agency. The reason was the improvement of economic indicators and the new configuration of Congress, where the Government is the first minority after the midterm elections. The new rating is still seven levels below investment grade, and the outlook is stable. This way, S&P gives reason to investors, who have raised projections for Argentine debt. Markets trust that the good results at the polls will translate into legislative support for key laws such as the 2026 Budget. S&P highlighted the "stronger political position after the recent midterm elections and the reduction of economic imbalances, thanks to lower inflation and the fiscal surplus during 2025". And it stated that this improves the access of the Argentine government to liquidity. "These advances improve solvency and could reduce the probability of a conventional default," it indicated. With this increase in its rating, S&P's rating for Argentina is now on par with Moody's Ratings and Fitch Ratings. Argentine bonds have obtained a return of almost 29% since the election on October 26.
