Coverage tagged: Argentina (ARG)
Every story tagged to Argentina in the reporting behind our ratings, newest first. State-self-reported sources are excluded from scoring; non-anglophone coverage is surfaced in translation. Every card links to its source.
7 stories, newest first - 2 on this page in translation
The peso closed August above the AR$1,500 threshold for a full week for the first time, with the government appearing to loosen its intervention strategy amid low FX liquidity and seasonal export decline. A separate widely-syndicated claim pairing this with a new punitive press law could NOT be date-pinned and is not booked; only the market-observable price is scored.
Gross reserves reached ~$49.6B on Aug 11, the highest in nearly seven years, after ~$13.5B of 2026 BCRA purchases (an $850M+ IMF payment dented them to $48.8B Aug 7), with a Moody's upgrade around late July and IMF endorsement; inflation reads are muddled across vintages (a ~33% y/y print vs 16-30% forecasts) and are booked as contested. Monetary independence improved near +2 to +3.
IMF MD Georgieva visited Buenos Aires July 27, praising the austerity program and saying restored market confidence brings the end of debt deals into view; inflation has slowed three straight months against a fragile FX-band framework with barely positive net reserves. Corroborates the improving-but-fragile trajectory already scored; holds.
The spread held in the ~400-405bp 8-year-low band through the window, moving on global energy volatility rather than domestic factors, with the new $2B Bonar 2029 auction receiving offers July 15 (outside window, not scored). Argentina fiscal held at near 6.
Argentina's JP Morgan country-risk spread fell to ~403bp July 10 (an 8-year low) after Minister Caputo's 2026-27 financing program, and the government cleanly paid a $4.2bn bond maturity with a new bond slated July 15. Argentina fiscal_state near 5 to 6.
The IMF Executive Board completed Argentina's second EFF review, releasing a roughly 1 billion dollar tranche and noting net international reserves had risen about 4.8 billion dollars since end-2025, reflecting the central bank's daily FX-purchase program even as reserve-accumulation targets were still short of goal.
Financial Times coverage (Ciara Nugent in Buenos Aires) referenced in the assessment research for Argentina.