Argentina Credit Ratings & Outlooks
Country | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
Caa1 Stable | CCC+ Stable | CCC+ — | B (low) Stable | NR |
Credit Rating History
Country | Date of Change | Rating Agency | Previous Rating | Previous Outlook | Current Rating | Current Outlook |
|---|---|---|---|---|---|---|
| Dec 17, 2025 | S&P | CCC | Stable | CCC+ | Stable | |
| Jul 17, 2025 | Moody's | Caa3 | Positive | Caa1 | Stable | |
| May 12, 2025 | Fitch | CCC | — | CCC+ | — | |
| Jan 25, 2025 | Moody's | Ca | Stable | Caa3 | Positive | |
| Nov 25, 2024 | DBRS | CCC | Stable | B (low) | Stable | |
| Nov 15, 2024 | Fitch | CC | — | CCC | — | |
| Mar 15, 2024 | S&P | CCC- | Negative | CCC | Stable | |
| Jun 13, 2023 | Fitch | CCC- | — | CC | — | |
| Mar 29, 2023 | S&P | CCC+ | Negative | CCC- | Negative | |
| Nov 16, 2022 | S&P | CCC+ | Stable | CCC+ | Negative | |
| Oct 26, 2022 | Fitch | CCC | — | CCC- | — | |
| Sep 28, 2020 | Moody's | Ca | Negative | Ca | Stable | |
| Sep 10, 2020 | DBRS | SD | — | CCC | Stable | |
| Sep 10, 2020 | Fitch | RD | — | CCC | — | |
| Sep 07, 2020 | S&P | D | — | CCC+ | Stable | |
| May 26, 2020 | S&P | SD | — | D | — | |
| May 26, 2020 | Fitch | C | — | RD | — | |
| Apr 17, 2020 | Fitch | CC | — | C | — | |
| Apr 07, 2020 | S&P | CCC- | Negative | SD | — | |
| Apr 07, 2020 | Fitch | RD | — | CC | — |
Table Key
| Grade | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
Prime | Aaa | AAA | AAA | AAA | AAA |
High Grade | Aa1 | AA+ | AA+ | AA (high) | AA+ |
Aa2 | AA | AA | AA | AA | |
Aa3 | AA- | AA- | AA (low) | AA- | |
Upper Medium Grade | A1 | A+ | A+ | A (high) | A+ |
A2 | A | A | A | A | |
A3 | A- | A- | A (low) | A- | |
Lower Medium Grade | Baa1 | BBB+ | BBB+ | BBB (high) | BBB+ |
Baa2 | BBB | BBB | BBB | BBB | |
Baa3 | BBB- | BBB- | BBB (low) | BBB- | |
Non-investment Grade Speculative | Ba1 | BB+ | BB+ | BB (high) | BB+ |
Ba2 | BB | BB | BB | BB | |
Ba3 | BB- | BB- | BB (low) | BB- | |
Highly Speculative Grade | B1 | B+ | B+ | B (high) | B+ |
B2 | B | B | B | B | |
B3 | B- | B- | B (low) | B- | |
Substantial Risk Grade | Caa1 | CCC+ | CCC+ | CCC | |
Caa2 | CCC | CCC | CCC | CCC | |
Caa3 | CCC- | CCC- | CCC | ||
Extremely Speculative Grade | Ca | CC | CC | CCC | CC |
C | CCC | C | |||
In Default with Little Prospect for Recovery | CD | RD | RD | ||
In Default | SD | SD | |||
C | D | D | D | D | |
DD | DD | ||||
DDD | DDD | ||||
Not Rated | NR | NR | NR | NR | NR |
FAQ
What is Argentina’s current credit rating?
Argentina’s sovereign credit rating reflects its government’s ability and willingness to meet debt obligations. It is assigned by major agencies such as S&P, Moody’s, Fitch, DBRS, and Scope, and represents how international markets view Argentina’s credit risk.
Has Argentina’s credit rating changed recently?
This page lists the latest rating and outlook actions for Argentina, showing when each agency last reviewed or changed its assessment.
Why does Argentina’s credit rating matter to investors?
Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Argentina's bond yields, currency, and equity flows as investors reassess risk.
How does Argentina’s rating compare to other countries?
You can explore how Argentina ranks globally using our Credit Ratings Hub, which displays all countries’ ratings from S&P, Moody’s, Fitch, DBRS, and Scope.
What do outlooks like Positive, Stable, and Negative mean?
They indicate the expected direction of a rating. Positive signals a possible upgrade, Stable means no change is likely, and Negative points to potential downgrade risk
What is the difference between investment grade and speculative grade?
Investment grade (BBB−/Baa3 or higher) means relatively low risk and steady market access. A speculative grade (BB+/Ba1 or lower) signals higher risk and volatility, but can attract yield-seeking investors.
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