FOREX TradingCharts.com

Financial News: ARGENTINA: Fitch Downgrades Credit Outlook To Stable

ARGENTINA: Fitch Downgrades Credit Outlook To Stable

05/06/2018 - 08:59:00 (RTTNews)

(RTTNews) - Risk agency Fitch affirmed Argentina's credit rating at 'B,' but downgraded the country's credit outlook to stable from positive, arguing that macroeconomic policy frictions and political headwinds intensified beyond prior expectations "highlighting risks surrounding the gradual policy adjustment process."

"Fitch expects policy adjustments underway to progress despite the recent political noise and market volatility, gradually reducing still high inflation and fiscal imbalances, and supporting a stronger and more stable growth outlook. Nevertheless, recent developments have highlighted the vulnerability of the current policy strategy amid market sentiment and political support."

The credit risk agency added that a slow disinflation process and monetary policy shifts highlighted contradictions in the current policy framework.

"Since the December policy shift, the BCRA has relied more on containing peso depreciation to contain inflation pressures given its other transmission channels remain weak. Amid a sharp selloff of the peso in recent weeks, this has involved aggressive FX intervention and 12.75 percentage points in hikes to its policy rate to 40%," Fitch said.

Inflation in Argentina should decline to 23% in 2018 and 16.5% in 2019, remaining above the central bank targets and the highest amid countries with a 'B' rating, with additional risk given recent peso depreciation, said the credit risk agency.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2018 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


UK Manufacturers Ramp Up Investment In Skills: EEF (01 hr(s), 13 min(s), 56 sec(s) ago)
(RTTNews) - British manufactures are concerned about skilled labor availability post-Brexit, a new ...Full Story»

Hong Kong Inflation Eases For Second Month (01 hr(s), 38 min(s), 56 sec(s) ago)
(RTTNews) - Hong Kong's consumer price inflation eased for the second straight month in April, ...Full Story»

Poland Industrial Production Grows More Than Forecast (01 hr(s), 56 min(s), 56 sec(s) ago)
(RTTNews) - Poland's industrial production expanded at a faster-than-expected pace in April, f ...Full Story»

Japan & Singapore Renew Bilateral Swap Deal (02 hr(s), 14 min(s), 56 sec(s) ago)
(RTTNews) - Japan and Singapore renewed their bilateral swap arrangement that enable both countrie ...Full Story»

Poland's Producer Price Inflation Exceeds Expectations (02 hr(s), 42 min(s), 56 sec(s) ago)
(RTTNews) - Poland's producer prices increased more than expected in April, the Central Statis ...Full Story»

Thailand's Economy Expands Most In 5 Years (03 hr(s), 49 min(s), 56 sec(s) ago)
(RTTNews) - Thailand's economy expanded at the fastest pace in five years in the first quarter ...Full Story»

Estonia PPI Inflation Eases In April (05 hr(s), 28 min(s), 56 sec(s) ago)
(RTTNews) - Estonia's producer price inflation eased in April after accelerating in the previo ...Full Story»

South Korea PPI Inflation Accelerates In April (06 hr(s), 10 min(s), 56 sec(s) ago)
(RTTNews) - South Korea's producer price inflation accelerated in April after remaining stable ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

UK Manufacturers Ramp Up Investment In Skills: EEF

05/21/2018 - 05:50 AM (RTTNews)
(RTTNews) - British manufactures are concerned about skilled labor availability post-Brexit, a new ...Full Story>>

Hong Kong Inflation Eases For Second Month

05/21/2018 - 05:25 AM (RTTNews)
(RTTNews) - Hong Kong's consumer price inflation eased for the second straight month in April, ...Full Story>>

Poland Industrial Production Grows More Than Forecast

05/21/2018 - 05:07 AM (RTTNews)
(RTTNews) - Poland's industrial production expanded at a faster-than-expected pace in April, f ...Full Story>>

Japan & Singapore Renew Bilateral Swap Deal

05/21/2018 - 04:49 AM (RTTNews)
(RTTNews) - Japan and Singapore renewed their bilateral swap arrangement that enable both countrie ...Full Story>>

Poland's Producer Price Inflation Exceeds Expectations

05/21/2018 - 04:21 AM (RTTNews)
(RTTNews) - Poland's producer prices increased more than expected in April, the Central Statis ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.