business / news / / Reuters
U.S. support for Argentina's markets has prevented a downgrade of the South American country's credit rating.
U.S. support prevented Argentina from receiving a credit rating downgrade, according to Fitch Ratings.
KEY POINTS
- Fitch clarified Argentina still needs a comprehensive plan to rebuild foreign exchange reserves for an upgrade.
- Argentina's central bank signed a $20 billion exchange-rate stabilization agreement with the U.S. Treasury.
- The agreement is part of U.S. efforts to back President Javier Milei's reform agenda before midterm elections.
COMPANIES
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