LatAm Sovereign Credit Ratings Snapshot

S&P raised recently Argentina’s long-term local currency rating to B- from CCC+. Still, dollar-denominated debt remains rated as “Selective Default” despite progress being made with U.S. hedge funds to settle a dispute arising from the historic default of 2002. That pending, Argentina is the only Latin American country in default zone, but Venezuela is fast approaching. Continue reading LatAm Sovereign Credit Ratings Snapshot