Fitch maintains positive rating outlook for Argentina

The Fitch rating agency decided to maintain a positive rating outlook for Argentina, although it warned about the effects of inflation. 

In a new report, the agency justified its decision “due to a relatively favourable public debt composition with a reduced risk of the capability to honour short-term expirations, and a high position in international reserves.”

They also praised the “favourable perspective caused by a steady surplus in the current accounts balancing.” 

However, the ratings agency viewed as unfavourable the share of public debt, which borders 50.9 percent of the GDP, and has a limited capability for refinancing.

“Politics have also led to created distortions visible in a unofficial high inflation rate,” it explained.