Fitch Raises Argentina Rating to B‑

Fitch raised Argentina's long‑term foreign currency and local currency issuer default rating to B‑ from CCC+, with stable outlook.
Rating upgrade reflects improved fiscal balance, narrowing current‑account deficit to 1% of GDP and record Q1 trade surplus of $5.5 bn.
Government targets $10‑$17 bn FX purchases in 2026, has bought $7.1 bn through April, and secured $2.5 bn multilateral guarantees.
Fiscal outlook shows primary surplus shrinking to 1.1% of GDP, overall deficit 0.3%, while inflation rose to 3.4% in March 2026.