Fitch downgrades Argentina to 'C'

March 25, 2023 04:52 AM AEDT | By Reuters
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March 24 (Reuters) - Fitch Ratings on Friday downgraded Argentina's foreign currency rating to 'C' from 'CCC-' after the country's executive decree forcing some public-sector entities to enter operations involving sovereign debt securities, which might lead to a potential default.

The agency affirmed Argentina's long-term local currency Issuer Default Ratings (IDR) at 'CCC'. (Reporting by Shivansh Tiwary in Bengaluru)


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