DBRS confirms Argentina

DBRS said it confirmed the Republic of Argentina's foreign- and local-currency securities at B (low).

The trends remain negative.

The agency said that a return to stable trends is pending the outcome of a new, recently launched debt exchange.

"A good faith clearing of debt arrears and a return to international capital markets would be very positive for Argentina's credit profile," Fergus McCormick, a DBRS analyst, said in a statement.

"However, further improvements in the ratings will depend on whether Argentina uses its greater financing flexibility to support a more prudent fiscal policy and better inflation reporting."

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