The country risk in Argentina has significantly decreased, reaching 893 points, which has sparked renewed interest in Argentine bonds. Economist Santiago Bulat highlighted this drop and pointed out the importance of reaching a certain level to regain access to financial markets.
According to Bulat, the level that country risk must reach to facilitate government loan access is crucial. In his opinion, the ideal would be to return to the levels observed between 2016 and 2017, around 350 or 400 points, which are more in line with the region's indicators. The decrease in country risk indicates greater confidence in the country's payment capacity, benefiting everyone.
Bulat also mentioned that some private companies are already obtaining financing at more favorable rates due to this decrease, suggesting an encouraging outlook for the economy. However, he emphasized that the path to levels below 500 points will take time, but it is a positive step that country risk continues to decline.
The specialist stressed the importance of fiscal order to maintain this downward trend, although he warned that it might not be enough to attract new investors. Despite the recent euphoria in the markets, Bulat pointed out that fiscal solvency and long-term economic stability are determining factors for generating confidence among international investors.
On another related topic, the Argentine government announced the sale of its stake in Metrogas as part of a broader plan. This measure, along with the decrease in country risk, will not have a direct impact on consumer prices, such as the price of milk, but it will allow the government and companies to access financing at more favorable rates in the market.
