Moody’s Raises Argentine Debt Rating from Negative to Stable
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WASHINGTON – Following the first round of presidential elections in Argentina on Oct. 25, which the ruling party won by a lower-than-expected margin, credit rating agency Moody’s Investors Service upgraded Monday the country’s debt rating to “stable” from “negative.”“The outlook change is based on Moody’s view that shifts in the political climate are reducing the risk of investors suffering greater than expected losses once a new government assumes power on 10 December 2015,” Read more [...]