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On Wednesday, @MoodysInvSvc upgraded Argentina's credit rating to B2 from B3, noting @mauriciomacri's "record of macro-economic reforms" and the "likelihood that reforms will continue." http://fw.to/o6TeC2N
@MoodysInvSvc also pointed out Argentina's high fiscal deficit and reliance upon foreign financing. But analyst Gabriel Torres is upbeat: the midterms "strengthened the government's political position," and improved prospects for reducing corporate taxes and lowering labor costs.
The @MoodysInvSvc report includes an extraordinary aside about Argentina's volatile economy: "Argentina is poised to grow two years in a row in 2017-18, the first time since 2011."
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