Fitch Ratings raised Argentina's credit rating on the grounds that the country is gradually removing currency controls and has successfully obtained multilateral financing. According to a statement issued on May 12, Fitch raised Argentina's credit rating by one level to CCC+, which is equivalent to the seventh rank in the garbage category, which is on par with the ratings of Ecuador and Sri Lanka. Fitch does not evaluate the rating outlook for CCC+ and below sovereign countries.

Fitch Ratings raised Argentina's credit rating on the grounds that the country is gradually removing currency controls and has successfully obtained multilateral financing. According to a statement issued on May 12, Fitch raised Argentina's credit rating by one level to CCC+, which is equivalent to the seventh rank in the garbage category, which is on par with the ratings of Ecuador and Sri Lanka. Fitch does not evaluate the rating outlook for CCC+ and below sovereign countries.