Standard & Poor's credit rating for Argentina stands at CCC+ with stable outlook. Moody's credit rating for Argentina was last set at Ca with stable outlook. Fitch's credit rating for Argentina was last reported at CCC with n/a outlook. DBRS's credit rating for Argentina is CCC with stable outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Argentina thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Argentina as reported by major credit rating agencies.


AgencyRatingOutlookDate
Moody'sCa Stable Sep 28 2020
FitchCCC N/A Sep 10 2020
DBRSCCC Stable Sep 10 2020
S&PCCC+ Stable Sep 07 2020
FitchRD N/A May 26 2020
FitchC N/A Apr 17 2020
FitchCC N/A Apr 07 2020
S&PSD N/A Apr 07 2020
FitchRD N/A Apr 06 2020
Moody'sCa Negative Apr 03 2020
S&PCCC- Negative Jan 07 2020
S&PCC Negative Dec 30 2019
FitchCC N/A Dec 23 2019
DBRSSD N/A Dec 23 2019
FitchRD N/A Dec 20 2019
S&PSD Negative Dec 20 2019
FitchCC N/A Sep 03 2019
DBRSCC Under Review Aug 30 2019
S&PCCC- Negative Aug 30 2019
Moody'sCaa2 Under Review Aug 30 2019
FitchRD N/A Aug 30 2019
S&PSD N/A Aug 29 2019
FitchCCC Negative Aug 16 2019
S&PB- Negative Aug 16 2019
Moody'sB2 Negative Jul 12 2019
S&PB Stable Nov 12 2018
FitchB Negative Nov 07 2018
S&PB+ Negative Watch Aug 31 2018
FitchB Stable May 04 2018
Moody'sB2 Stable Nov 29 2017
FitchB Positive Nov 07 2017
S&PB+ Stable Oct 30 2017
S&PB Stable Apr 04 2017
Moody'sB3 Positive Mar 06 2017
DBRSB Stable May 13 2016
FitchB Stable May 10 2016
S&PB- Stable May 06 2016
Moody'sB3 Stable Apr 15 2016
Moody'sCaa1 Positive Nov 24 2015
Moody'sCaa1 Stable Nov 02 2015
FitchRD N/A Jul 31 2014
DBRSSD N/A Jul 31 2014
Moody'sCaa1 Negative Jul 31 2014
S&PSD N/A Jul 30 2014
S&PCCC- Negative Watch Jul 01 2014
DBRSCC Under Review Jun 20 2014
S&PCCC- Negative Jun 17 2014
Moody'sCaa1 Stable Mar 17 2014
DBRSCCC (high) Negative Feb 18 2014
S&PCCC+ Negative Sep 10 2013
DBRSB (low) Under Review Aug 30 2013
FitchCC N/A Nov 27 2012
DBRSB Under Review Nov 12 2012
FitchB Negative Watch Oct 30 2012
S&PB- Negative Oct 30 2012
Moody'sB3 Negative Sep 17 2012
S&PB Negative Apr 23 2012
DBRSB Stable Oct 05 2011
DBRSB (low) Positive Oct 19 2010
S&PB Stable Sep 13 2010
FitchB Stable Jul 12 2010
S&PB- Stable Oct 31 2008
DBRSB (low) Negative Oct 22 2008
Moody'sB3 Stable Aug 14 2008
S&PB Stable Aug 11 2008
S&PB+ Negative Apr 25 2008
DBRSB (low) Stable Sep 06 2007
Moody'sB3 Positive Jan 16 2007
S&PB+ Stable Oct 02 2006
S&PB Stable Mar 23 2006
FitchRD N/A Dec 14 2005
Moody'sB3 Stable Jun 29 2005
FitchDDD N/A Jun 03 2005
S&PB- Stable Jun 01 2005
FitchD N/A Jan 14 2005
Moody'sCaa1 Stable Aug 20 2003
Moody'sCa Stable Dec 21 2001
FitchDDD N/A Dec 03 2001
S&PSD N/A Nov 06 2001
FitchC Negative Watch Nov 06 2001
FitchCC Negative Watch Nov 02 2001
S&PCC Negative Oct 30 2001
FitchCCC- Negative Oct 12 2001
Moody'sCaa3 Stable Oct 12 2001
S&PCCC+ Negative Oct 09 2001
Moody'sCaa1 Negative Jul 26 2001
Moody'sB3 Negative Watch Jul 13 2001
S&PB- Negative Jul 12 2001
FitchB- Negative Jul 11 2001
S&PB Negative Jun 06 2001
S&PB Negative Watch May 08 2001
FitchB+ Negative Watch Mar 28 2001
Moody'sB2 Negative Watch Mar 28 2001
S&PB+ Negative Watch Mar 26 2001
FitchBB- Negative Watch Mar 20 2001
S&PBB- Negative Watch Mar 19 2001
Moody'sB1 Negative Nov 21 2000
S&PBB- Stable Nov 14 2000
S&PBB Negative Watch Sep 22 2000
FitchBB Negative Sep 21 2000

 S&PMoody'sFitchDBRSTE
B+ B1 35
BBB BBB+ 62
CCC+ B3 CCC 20
CCC+ Ca CCC CCC 15
B+ Ba3 B+ 14
BBB BB 52
AAA Aaa AAA AAA 100
AA+ Aa1 AA+ AAA 96
BB+ Ba2 BB+ 48
BB- Ba3 42
B+ B2 B+ 33
BB- Ba3 BB- 40
B- Caa1 22
B B3 B 28
AA Aa3 AA- AA (high) 86
SD Caa3 9
B+ B1 B 31
A+ A2 N/A 78
B+ B2 B 31
B B3 27
BBB+ A3 67
BB- Ba2 BB- BB (low) 42
BBB Baa1 BBB 61
B 25
N/A B2 30
B- B2 B 28
AAA Aaa AA+ AAA 100
B- B- 27
Aa3 85
A A1 A- N/A 76
A+ A1 A+ A (high) 80
BB+ Baa2 BB+ BBB (low) 55
CCC+ Caa1 20
B B2 B 31
BBB- Ba1 BBB- 51
Caa2 15
BBB- Ba1 BBB- BBB (low) 51
AA- Aa3 AA- 83
AAA Aaa AAA AAA 100
BB- Ba3 BB- 40
B- Caa3 B- 20
B B2 B+ 30
B- Caa1 B- 25
AA- A1 AA- AA (low) 83
CCC+ Caa1 CCC 21
AA Aaa AAA AAA 98
B+ B1 37
AA+ Aa1 AA+ AA (high) 96
AA Aa2 AA AA (high) 92
N/A Caa1 B- 23
BB Ba2 BB 45
AAA Aaa AAA AAA 100
B- B3 B 22
BB Ba3 BB BB 40
SD
BB- Ba1 BB- 43
BB- B1 35
AA+ Aa3 AA- 90
BBB Baa2 BBB 58
A A2 A 75
BBB- Baa3 BBB- BBB (low) 56
BBB Baa2 BBB 60
B- Caa1 B- 23
AA- A2 A+ A (high) 78
N/A Aa3 90
AA- A1 A+ 81
BBB Baa3 BBB- BBB (high) 61
BB- Ba3 BB- 38
B+ B2 B+ 33
A+ A1 A A (high) 77
B+ B1 BB- 36
BBB- Baa2 BBB 56
B B2 B+ 33
A+ A1 AA 85
NR B2 30
Caa2 CCC 20
A+ A3 A- A (low) 73
D C RD 11
B 30
AAA 100
A+ A2 A A 76
AAA Aaa AAA AAA 100
Aa3 AA 87
BB- BB+ 45
A- A3 BBB+ 70
Caa1 CCC 22
Caa1 20
A- A2 A+ A (high) 75
Baa2 65
BBB Baa1 BBB- BBB 60
B3 25
B B3 B 28
B B1 35
BBB- 55
BB+ Ba1 BB+ 51
CCC+ Caa2 CCC 14
Ba3 BB 45
AAA Aaa AAA AAA 100
AA+ Aaa AA 93
B- B3 B- 25
B3
B- B2 B 28
AAA Aaa AAA AAA 99
B+ Ba3 BB- 38
B- B3 B- 25
BBB Baa2 BBB- 58
B- B2 27
BB Ba1 BB+ 46
BBB+ Baa1 BBB N/A 63
BBB+ Baa2 BBB 61
A- A2 A- A 71
BBB Baa2 BBB BBB (high) 71
D 0
AA- Aa3 AA- 85
CCC+ Caa2 CCC 20
BBB- Baa3 BBB- 55
BBB- Baa3 BBB 55
B+ B2 B+ 33
BB+ 50
A- A1 A 75
B+ Ba3 37
BB+ Ba2 BB+ 46
B 35
AAA Aaa AAA AAA 98
A+ A2 A A (high) 76
AA- A3 A A (high) 75
Caa1 25
BB- Ba2 BB- 45
AA Aa2 AA- 86
A Baa1 A- A 71
CCC+ Caa1 CCC 20
B3 25
SD Caa3 RD 15
B3 30
AAA Aaa AAA AAA 99
AAA Aaa AAA AAA 100
AA Aa3 AA 86
B- B3 25
B2 35
BBB+ Baa1 BBB+ 65
B B3 30
BBB- Ba1 52
N/A Caa1 B- 26
B+ B2 BB- BB (high) 35
B+
B B2 B+ 31
B B3 B 28
AA Aa2 AA- 90
AA Aa3 AA- AA (high) 90
AA+ Aaa AAA AAA 98
BBB Baa2 BBB- BBB (low) 55
BB- B1 BB- 38
N/A C RD 11
BB Ba3 BB 43
SD Ca RD 30
 Export  API


Credit Ratings

TE S&P Moody's Fitch DBRS Description
100 AAA Aaa AAA AAA Prime
95 AA+ Aa1 AA+ AA (high) High grade
90 AA Aa2 AA AA
85 AA- Aa3 AA- AA (low)
80 A+ A1 A+ A (high) Upper medium grade
75 A A2 A A
70 A- A3 A- A (low)
65 BBB+ Baa1 BBB+ BBB (high) Lower medium grade
60 BBB Baa2 BBB BBB
55 BBB- Baa3 BBB- BBB (low)
50 BB+ Ba1 BB+ BB (high) Non-investment grade
speculative
45 BB Ba2 BB BB
40 BB- Ba3 BB- BB (low)
35 B+ B1 B+ B (high) Highly speculative
30 B B2 B B
25 B- B3 B- B (low)
20 CCC+ Caa1 CCC CCC (high) Substantial risks
15 CCC Caa2 CCC Extremely speculative
10 CCC- Caa3 CCC (low) In default with little
prospect for recovery
  CC Ca CC
5 C C C
0 D / DDD   In default
/ DD D
D
Standard & Poor, Moody's, Fitch and DBRS' sovereign debt credit rating is displayed above. In addition, the Trading Economics (TE) credit rating is shown scoring the credit worthiness of a country between 100 (riskless) and 0 (likely to default). Unlike the ratings provided by the major credit agencies, our index is numerical because we believe it is easier to understand and more insightful when comparing multiple countries. Arguably, our ratings are less likely to be manipulated because they are unsolicited and we are not paid in any way to provide countries with a rating. Technically, our ratings are based on a forward looking macro economic model which takes into account several leading economic indicators, financial markets and very little discretion. If you have any question please email us at contact@tradingeconomics.com